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Cardano (ADA) experienced a 1,085% liquidation imbalance after continued selling forced long traders who were betting on a price increase out of leveraged positions.
At the time of writing, Cardano was down 1.64% in the last 24 hours to $0.20, with its price drop catching traders betting on an increase off guard.
About $2.06 million of leveraged Cardano positions were liquidated over the past 24 hours, with $1.89 million coming from long positions and $174,080 from shorts, according to CoinGlass data. The percentage imbalance between long and short positions yields 1,085%.
Growing expectations that the Fed might raise interest rates alongside renewed inflation concerns had triggered a selloff in the markets, with Cardano falling in tandem.
Cardano fell for four straight days in the week from September 7 to 10, 2026 eventually touching a low of $0.20 early Friday, from where it rebounded. U.S. inflation data in August came in broadly in line with estimates. Also on Thursday, August 2026 wholesale inflation report showed prices rose 0.4% last month, in line with consensus estimates.
The Consumer Price Index rose 0.4% in August 2026, in line with economists' forecasts of 0.4% and July's 0.1% increase. The report is the final major inflation indicator the Fed will see before it holds its policy meeting next week.
Cardano upgrades gain traction
Dijkstra preparations continue; Node 11.2 integration is underway and will provide the foundation for early Dijkstra testing.
Cardano-node-11.1.1 is soon to be mainnet-ready and is tagged as a Dijkstra Pre-Release. This release removes the V1 LedgerDB and the LMDB storage backend and makes ledger snapshots predictable and Mithril-compatible, so snapshots are comparable and shareable across nodes.
Integration of 11.2 is already underway and expected to complete within the next few weeks, bringing the Dijkstra feature set, including the new block format, but without Leios. While 11.2 should not be considered capable of surviving the hard fork event, it will enable early Dijkstra testing and downstream tooling integration, with a dedicated public testnet "DijkstraNet" being made available for this purpose.
Critical-path readiness is also expanding beyond the node, with Dolos and Pallas identified among the important dependencies.
Hydra 2.4.1 was also released this week while DevX Cardano-init open beta ships, the first Plu-ts stable release is out, and the Leios prototype was significantly improved.
Dan Burgin
U.Today Editorial Team
