| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107309.0200000000 |
| ETH | $2429.4840000000 |
| BNB | $645.7591300000 |
| XRP | $2.1990280000 |
| ADA | $0.5621110000 |
| SOL | $147.1382000000 |
| DOGE | $N/A |
| DOT | $3.3606800000 |
| LTC | $86.1252000000 |
| LINK | $13.1916000000 |
Category: CRYPTO NEWS
The post Cardano (ADA) Volume Surges 40.66% to $1.85B Amid Bullish Sentiment appeared on BitcoinEthereumNews.com. ADA volume rises Cardano sees minor price dip Coinglass data has noted that trading of Cardano derivatives is up by almost 40% in the last 24 hours, to over $1.85 billion. Such a rise in volume seems to indicate that more people are becoming interested in ADA, possibly traders and large institutions. ADA volume rises Open interest, which shows the number of unsettled contracts, has declined slightly to $851 million, a drop of about 10.31% in the last 24 hours. This could be because some traders took profits on their trades. At the same time, ADA options trading has almost vanished, dropping by 92.94% to $6,590 in volume. With options being used for short-term strategies, this could reveal that investors are paying less attention to long-term risks. Currently, the long/short ratio for Cardano’s native token is 0.8804, so there are more short positions than long ones on exchanges. Yet, this ratio on Binance stands out, with 2.6887 longs for every short placed, suggesting more traders think the price will go up. 2.5984 is the long/short bias on OKX. It reflects that a number of traders are prepared to take risks by buying. You Might Also Like Liquidations, which take place when there are not enough funds to keep a trade open, are also happening frequently. Yesterday, the liquidation of ADA positions saw $8.4 million in losses, with the bulk ($8.34 million) being attributed to long trades. Shorter time frames show similar patterns: $1.48 million in liquidations over 12 hours, $1.23 million over 4 hours, and smaller amounts in hourly intervals. Cardano sees minor price dip Current CoinMarketCap data shows that the tenth-largest cryptocurrency by market cap is currently trading at $0.7059 after a 3.57% drop in the last 24 hours. The drop in price has not stopped this digital currency…
2025-06-01T03:33:20+00:00