Cardano’s open interest fell to $422.75 million as the broader crypto market saw a sell-off. ADA’s open interest has rather declined in line with the market drop, down 3.7% in the last 24 hours to $422.75 million, according to CoinGlass data.
This pattern aligns with the wider market pullback, indicating reduced speculative activity around Cardano amid risk-off sentiment. Investors are watching whether the decline in open interest signals a shift in liquidity or if ADA will regain momentum later.
Data from CoinGlass remains a reference for traders tracking appetite for Cardano-linked instruments and related altcoins. As market conditions evolve, ADA’s open interest may continue to move with price trends and overall liquidity in the crypto ecosystem.
Leave a Reply