Markets· ★★· bearish·

Cardano (ADA) Open Interest Drops $44 Million as Retail Traders Retreat

  • —ADA futures open interest fell from $549.14M to $504.96M
  • —The contraction totaled roughly $44 million in notional value
  • —The drop followed Monday's market selloff
  • —ADA is attempting to claw back ground on Tuesday
Why it matters: Falling open interest signals retail speculators are exiting, reducing the risk of sharp liquidation cascades in ADA.
#ADA
Source: Coinotag
More on this
Markets · Oct 9
Cardano's ADA drops below $0.23 as futures open interest falls to 2.3B tokens
 Markets · Oct 8
Cardano's ADA Slips to $0.2515 as Whales Sell 90M Tokens, Open Interest Falls 9%
 Markets · Oct 6
Cardano holds above $0.27 as ADA futures open interest hits $695.7M