Cardano (ADA) price jumped about 7% on July 21, stretching its gain to roughly 9% over the past month.
But the rally may be a trap
The largest and most experienced traders are quietly betting against it, even as smaller retail traders pile in long. Top Traders Are Short While Retail Goes Long The clearest warning comes from Cardano positioning. On the top-trader long/short ratio, which compares how the biggest accounts are positioned against everyone else, the warning surfaces.
The top traders (whale and smart money) sit near 0.93, meaning more short than long. All accounts together, including retail, sit at 2.08, heavily long. So the crowd and the smart money are on opposite sides.