Cardano saw a 27,631.45% futures volume surge on the Bitmex exchange, sparking attention in the market.
According to CoinGlass data, Cardano futures volume rose 27,631.45% in the last 24 hours on the Bitmex crypto exchange, reaching $47.64 million.
This remains significant, being accompanied by an increase in open interest as it shows that derivatives traders are making moves in the market.
Open interest reflects the total number of outstanding futures or options contracts in the market, with an increase in open interest suggesting inflow of new money.
In the last 24 hours, Cardano’s open interest rose nearly 2% (negative the prior day) to $790.3 million.
At the time of writing, ADA was trading down 0.34% in the last 24 hours to $0.388 and up 0.45% weekly.
What’s next for ADA price?
Cardano (ADA) saw a strong run at 2026’s start, reaching a high of $0.4374 on Jan. 6. The climb allowed Cardano to surpass the daily MA 50 at $0.40 for the first time since early October.
However, this price increase has now been reversed, although not completely, with Cardano returning to trade below the daily MA 50. Cardano has marked four straight days of drop since Jan. 6, and will mark its fifth day if today ends in losses.
ADA’s price U-turn might not be far-fetched amid a continued void in liquidity and market depth across the altcoin market following a major liquidation event last October, which wiped out nearly $20 billion in leveraged bets.
If bulls regain momentum in the markets, ADA will try to reclaim the daily MA 50 at $0.4 as support. If this is achieved, Cardano might target the $0.65 level next, which might open the pathway toward $1.
The Cardano Constitution requires the establishment of a Net Change Limit (NCL) through a newly submitted proposal, which defines the maximum amount of lovelace that can be withdrawn from the treasury during an outlined period of time. The Net Change Limit will be 350,000,000,000,000 lovelace (350 million ADA), which is the maximum amount that can be withdrawn from the treasury during this specific period and shall not be exceeded.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Dogecoin Tests $0.090 Support After 3.4% Drop as Traders Watch Key Price Range
Dogecoin is currently trading at $0.09061 which is a drop of 3.4 percent, and the price is close to the important level of $0.09011 support.
The chart indicates a series of tests of the support zone of $0.089-$0.090, and the closest resistance is represented by $0.09353.
A hold of
CryptoNewsLand1h ago
PEPE Price at $0.053259 as Tight Range and Falling Volume Shape Short-Term Market Activity
PEPE was traded at $0.053259 and has recorded a 3.0 percent fall in value but it is within a thin band of support and resistance.
The market exhibited a volume of 235.15M in 24 hour trading, which is a decline of 19.16% reflecting less trading activity.
Technical indicators are not
CryptoNewsLand1h ago
XRP ETF Performance Praised as 'Really Impressive' by Bloomberg - U.Today
XRP ETFs have shown resilience amid a 45% price drop, attracting significant capital despite typical market behavior. Bloomberg's Eric Balchunas highlights strong investor support. Despite recent outflows, the funds retain substantial assets, indicating community dedication.
UToday1h ago
Crypto Shines Amid Middle East Oil Shock and Market Selloff
Bitcoin remains stable amid market turmoil fueled by rising oil prices and inflation, outperforming traditional assets. Its reduced leverage limits forced selling, attracting long-term investors eyeing potential gains in a volatile landscape.
CryptoFrontNews1h ago
XRP Holds $1.34 Support While Leverage Heatmap Highlights $1.30 Risk Zone
XRP is trading at $1.36 in a tight range of support at $1.34 and resistance at $1.37.
The heatmap data indicates that there is a huge amount of long positions in the range of $1.30.
Should prices fall to around $1.30, long positions with high leverage in this region might
CryptoNewsLand2h ago
ETH drops 1.07% in 15 minutes: whale fund concentration triggers short-term pullback
March 10, 2026, 18:00 to 18:15 (UTC), ETH's return within the 15-minute candlestick was -1.07%, with price fluctuations ranging from 2049.1 to 2073.15 USDT, an amplitude of 1.16%. During the same period, market trading volume significantly increased by over 32%, large on-chain fund flows occurred frequently, triggering short-term market sentiment fluctuations, rapidly increasing attention, and intensifying volatility risks.
The main driver of this abnormal movement is the concentrated sell-off by whale funds. On-chain data shows that within this time window, there were four large transfers exceeding 5000 ETH, all flowing to a major...
GateNews2h ago
