In the past 24 hours, the price dropped to $0.216, nearly a 6% decline. Opening the candlestick chart, the 7-day moving average is at 0.264, the 25-day moving average is at 0.526, and the long-term moving average is even above 0.49— all moving averages are like ceilings pressing down, and the MACD green bars are still trending downward. This pattern, seasoned traders recognize at a glance.

Someone said there’s good news for Cardano. CME has listed ADA futures, compliant ones, so institutions can play now. Also, the Cardano Foundation signed a three-year agreement with the Brazilian Olympic Committee— involving blockchain, AI, and IoT— sounds impressive. But the market isn’t buying it; the price continues to fall.

Why? Because in a bear market, any good news is useless.

What’s even more chilling is another matter: multiple Cardano ecosystem projects have announced closures. Not one or two, but several. What does it mean when a public chain’s ecosystem projects start shutting down en masse? It means the development teams can’t hold on anymore, they have no money, or they see no hope.

That’s how a bear market is. At first, everyone can endure, can comfort themselves with “the darkest before dawn.” After a year or two of decline, liquidity dries up, trading volume shrinks, and order book depth thins. Retail investors stop playing, institutions are watching, even market makers get lazy. Eventually, even project teams can’t hold on— shutting down, layoffs, switching careers.

This isn’t just an ADA problem. All public chains, even the entire crypto space, face the same dilemma: no new money coming in, no new people joining, everyone is just fighting over the existing volume. As the fight drags on, even the fighters get exhausted.

You say, keep enduring, then keep enduring. But until when? No one knows. And the scariest part is— as you endure, you realize fewer and fewer people are around, projects one by one shut down, and finally, there’s no light left— only you standing in the darkness, clutching those once valuable, now abandoned tokens.

Perhaps this is the endgame of a bear market: not a sharp crash, not a collapse, but a slow, silent cooling off.

No one is playing anymore, projects die out. When projects die, even fewer people are involved. It’s a vicious cycle, and the harsh truth of every cycle.

So, don’t listen to those shouting “bull run will return soon.” Don’t put too much faith in news about “institutions entering” or “major partnerships.” In a bear market, survival is more important than anything. Those who can endure are a minority. Those who can’t, are the majority.

As for whether ADA can rise again? Is Cardano’s technology good? Do those partnerships and upgrades really matter? Honestly, in the face of liquidity, none of that matters much anymore. When the money’s gone, stories lose their voice.

Just endure well. But don’t forget— from time to time, look up and see if the people around you are still there. $ADA ‌#Gate携手Alpaca链接数字资产与股票金融交易