Cardano (ADA) Open Interest Hits Nine-Month Low: What’s Next

Cardano’s (ADA) open interest began a new downward trend on August 1, plummeting by 63% since then. Currently sitting at $227 million, the metric has reached its lowest point since January. Recent on-chain data shows a surge in short positions, reflecting a growing bearish sentiment around the altcoin. Cardano Futures Traders Exit the Market Open interest measures the total... source: https://beincrypto.com/cardano-open-interest-nine-month-low/