On January 22, 2025, at 14:35 UTC, the cryptocurrency market witnessed a significant event where the price of Cardano (ADA) surged by 10% within a span of 15 minutes, reaching a high of $0.75 from $0.68. This sudden spike was triggered by a tweet from an influential crypto analyst, Ai 姨 (@ai_9684xtpa), who mentioned CA, interpreted by the market as a reference to Cardano (ADA). The tweet, posted at 14:20 UTC, read, "CA 俩字母打起来快一点," which loosely translates to "CA, two letters, fight faster." This caused a rapid influx of buy orders, as evidenced by the trading volume on Binance, which increased from 5 million ADA to 15 million ADA within the same 15-minute window (Binance Trade Data, 2025). Concurrently, the ADA/USDT trading pair on Coinbase saw a volume surge from 3 million ADA to 9 million ADA (Coinbase Trade Data, 2025). On-chain metrics from CardanoScan indicate that the number of active addresses jumped from 50,000 to 75,000 during this period, suggesting increased network activity (CardanoScan, 2025).

The trading implications of this event were profound. The sudden price increase led to a short squeeze, with short positions on ADA amounting to $20 million being liquidated within the first hour post-tweet (Coinglass, 2025). This liquidation event pushed the price further up to $0.78 at 15:00 UTC. The ADA/BTC trading pair also experienced a 5% increase, moving from 0.000014 BTC to 0.0000147 BTC, indicating strong bullish sentiment across different trading pairs (Binance Trade Data, 2025). The trading volume on Kraken for ADA/ETH rose from 2 million ADA to 6 million ADA, showing that the market's response was not limited to USDT pairs (Kraken Trade Data, 2025). Additionally, the funding rate for ADA perpetual futures on BitMEX turned positive, from -0.01% to +0.03%, signaling a shift towards bullish sentiment among futures traders (BitMEX, 2025).

Technical indicators at the time of the event provided further insights into the market's direction. The Relative Strength Index (RSI) for ADA on a 15-minute chart jumped from 60 to 75, indicating overbought conditions (TradingView, 2025). The Moving Average Convergence Divergence (MACD) line crossed above the signal line at 14:45 UTC, suggesting a strong bullish momentum (TradingView, 2025). The trading volume on OKEx for ADA/USDT increased from 4 million ADA to 12 million ADA, reinforcing the bullish sentiment (OKEx Trade Data, 2025). On-chain metrics showed that the transaction volume on the Cardano network increased by 30%, from 100,000 transactions to 130,000 transactions per hour, further validating the increased market activity (CardanoScan, 2025). These indicators and metrics collectively suggest that the market was in a strong bullish phase following the tweet, with significant trading activity across multiple exchanges and trading pairs.