Markets· ★★★· bearish·

Cardano's ADA drops below $0.23 as futures open interest falls to 2.3B tokens

  • —ADA trades below $0.2300, down more than 10% over three days
  • —Futures open interest fell to 2.3B ADA from 2.5B a day earlier
  • —Trading volume dropped to $779M from $1.45B on Tuesday
  • —Long liquidations hit roughly $5M versus $322K in shorts
Why it matters: Falling open interest and volume point to shrinking retail participation and weakening demand, capping ADA's near-term recovery potential.
#ADA
Source: FXStreet Crypto
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