Cardano (ADA) Open Interest Drops to 16-Month Lows, Sparking Fears of a 21% Price Fall

BeInCrypto

2024-10-24 05:30:00

ADA-0,26%

Cardano’s recent price decline has led to a sharp exit of derivatives traders, with many closing their positions and leaving the market. This is evident in the altcoin’s open interest, which has dropped to its lowest level since June 2023.

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