Cardano Open Interest Go Up As Big Whales Push ADA Futures, But Small Traders Demotivated
Cardano (ADA) don see big jump for open interest inside im futures market, as e take small time from $810 million jump reach $940.7 million, according to CoinGlass data. Dem say na because big big crypto owners (whales) dey play strong for market, as dem don gather up to 1.21 billion ADA, wey make the price climb reach $0.6699—na 2.42% gain in 24 hours when dem do the last report. Even though open interest go up, the amount of trade don fall sharp by 44.74% go $529.41 million, meaning say small small investors no dey join too much. Most of the futures market action dey happen for big exchanges like Binance, Bitget, Gate.io, and Bybit, with Binance alone taking over 22% of all open interest. For ADA to continue to dey go up and break past $0.75 resistance, maybe even test $1 again and collect back number nine position for market cap from Tron, na small small traders go need to join in pass. If not, the momentum go fit slow down, and e go fit underperform compared to other coins. This trend dey show say big whales dey optimistic for short term, but to get long term gains, the whole market go need to support am.
Bullish
Cardano (ADA) futures open interest don rise well well, wey big big whales don dey buy am plenti. This one show say big big companies and rich people get strong belief say the price go climb small small soon. The price increase and the way dem dey trade am well for big exchanges don make this bullish feeling strong. But, the way dem no dey trade am much again and say small small buyers no dey show, fit make this momentum no last. Before before, when na only big big whales dey push price up without plenti people support, e fit cause market to shake or even fall small. Still, as long as these whales still dey active and di main support levels no break, e get chance say the price go still go up, especially if small small investors begin join. For now, the market dey look bullish for short term, but e depend on whether ADA fit attract more people to support steady gains.