ADA Sees 25% Surge in Open Interest Amid Price Pullback and Deutsche Börse ETP Launch

Cardano (ADA) is currently trading at $0.7752 on Binance, reflecting a 3.57% decrease over the past 24 hours, with recent trading volumes and open interest remaining robust as open interest climbed over 25% in the last two days. The price decline follows a brief rally above $0.80, which was met with resistance at $0.84, leading to a market pullback; this correction is attributed to profit-taking after significant gains, a decrease in bullish sentiment as indicated by a lower funding rate, and the liquidation of nearly $1 million in long positions. Despite this short-term volatility, ADA has seen heightened investor interest, including increased futures activity and notable developments such as its proposed inclusion in U.S. digital asset reserves and the launch of an ADA ETP on Deutsche Börse, all of which continue to support strong market engagement.