Cardano Holds $0.2176 as Whales Trim Holdings and Open Interest Drops 30%
- —ADA rose 2% to $0.2176 after a 6% drop on Thursday
- —ADA open interest fell from $658M to $459.5M in three weeks
- —Share of ADA supply in profit dropped from 30.78% to 17.8%
- —OI-weighted funding rate turned negative at -0.0095%
Why it matters: The breakdown below the channel support and shrinking futures participation point to a possible slide toward $0.19 if ADA stays below $0.22.
Source: CryptoNewsZ