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The recent market crash has wiped out approximately $435 million in crypto liquidations, according to CoinGlass data, affecting various digital assets. the bigger chunk of this came from bullish or long traders expecting further price increases on the market, accounting for $360 million.Despite bearish market conditions, Cardano has seen a remarkable increase in trading volumes.
The reasons for the surge in trading volume for ADA might be varied, although it might be indicative of investor positioning. Higher volatility often triggers higher trading volume as traders buy and sell in large quantities.The market will keep a careful eye on ADA's price performance in the following days, waiting to see if it will capitalize on the current surge in interest or maintain its status quo.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst.