Cardano MVRV Hits -43% as Short Interest Reaches 2023 Highs – Is a Reversal Forming?
On-chain data as of March 24 shows average Cardano wallet returns at -43%, a level that has historically preceded accumulation phases in prior cycles. Cardano is recording one of its deepest on-chain contractions since 2023. The latest data from Santiment shows average wallet returns at -43% on a 365-day basis, meaning most investors currently holding…
