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Home»Market»Cardano (ADA) Open interest reaches $ 900 million in the midst of cryptography market – tradingView News
Market

Cardano (ADA) Open interest reaches $ 900 million in the midst of cryptography market – tradingView News

May 23, 2025No Comments
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The latest Coinglass data for the cardano Adausd The long -term market shows that the price of ADA was stable around $ 0.78. However, there have been notable changes in its open interest between the exchanges of cryptocurrency.

As of May 21, 2025, total open interest was greater than $ 920 million. Before the last increase, the quince graph has been showing a gradual decrease in the open interest of the ADA since May 16. According to the table, there has also been a varied distribution of open interest ADA between exchanges.

Ada open interest dominated by the best exchanges

Bitget and Binance dominate $ 196.06 million and $ 192.16 million, respectively. The combination of these two is responsible for more than 40% of total ADA positions.

Bybit follows with $ 139.17 million, while Gate.io ranks fourth with $ 125.37 million in open interest. Exchanges such as Kraken, Dydx and Bitmex represent Ada interests smaller compared to the main platforms, none of them exceeding $ 5.2 million.

This shows that there is a high concentration of ADA trading activity on the main trading platforms. Consequently, any major change in these dominant exchanges could trigger wider market reactions.

Given that ADA’s price has been relatively stable in the past five days, while open interest has varied, there have been no spectacular changes in the overall feeling of the ADA.

A sign of growing confidence among traders would be the continuous increase in open interest, while the reverse suggests a reduction in speculative interests or profits.

ADA market capitalization exceeds $ 26.5 billion

The Ada de Cardano token is currently negotiating at $ 0.752 after an increase of 3.01% in the last 24 hours, according to CoinmarketCap data. After this positive movement, Cardano’s market capitalization is now $ 26.58 billion.

With $ 1.05 billion from ADA changing hands on the last day, trading volume represents a 57.09% increase in activity. The 24 -hour price graphia has a recovery of approximately $ 0.7,377 to a peak of $ 0.78 before moving on to current levels.

Based on the daily time, the action of the token prices shows a major volatility, but it is still in an overall direction. In addition, the profile score of the 75% platform could contribute to the confidence of investors in the fundamental principles of the project.

Source: Coinmarketcap “>

The interest in Cardano continues to increase despite a late dry delay in the United States by approving an ETF Ada Spot and other ETF Crypto Spot outside the ETH and BTC ETF.

As indicated by U.TODAY, the prediction of Bloomberg Analyst James Seyffart was correct, because the American sec announced a delay in the approval of the ETP XRP and other ETF Crypto.



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