Despite ongoing market volatility, Cardano (ADA) continues to attract bullish sentiment from traders—even as its price and volume show signs of weakness. In the last 24 hours alone, over 1.25 billion ADA tokens have changed hands, signaling renewed confidence in the ecosystem through futures trading.$BTC

Over $940 Million Committed to Cardano Futures

$BNB

According to the latest data from CoinGlass, Cardano’s open interest has risen by 1.98% in the past day. This equates to approximately $940.70 million being committed to ADA futures, demonstrating that traders are optimistic about the token's future performance.

$ETH

Binance and Bitget lead the charge, collectively holding more than 41% of total ADA open interest. Specifically, Binance accounts for $201.28 million, while Bitget trails closely with $192.80 million.

Bybit and Gate.io are also notable players, contributing $138.53 million and $134.07 million, respectively. These figures represent a market share of 14.72% and 14.25%. Other platforms like OKX, MEXC, Bitunix, and WhiteBIT also support ADA futures trading, though at smaller volumes.

This distribution indicates that activity on just a few key exchanges—especially Binance, Bitget, Bybit, and Gate.io—has the potential to significantly influence the broader ADA market.

ADA Holds Support as Traders Anticipate $1 Breakout

At the time of writing, ADA is trading at $0.7532, reflecting a 1.97% decline over the last 24 hours. Earlier, the token dropped from a local high of $0.775 to a low of $0.7472 before seeing a modest recovery. Trading volume has also dipped slightly by 1.02%, now sitting at $641.41 million.

Technical indicators suggest ADA is currently in a short-term downtrend, having faced resistance at the $0.7756 level. However, if the price can hold above the $0.745 support, there’s potential for a rebound toward the long-anticipated $1 level.

As I previously analyzed, Cardano’s Bollinger Bands have shown increased volatility—a signal that a significant move could be on the horizon. Still, for ADA to make a serious push toward $1, bullish momentum needs to strengthen further.

Let me know if you'd like this formatted for publication or tailored to a specific platform like Medium or Binance Blog.

#BinanceAlphaAlert #TrumpTariffs #SaylorBTCPurchase #BinancelaunchpoolHuma #Bitcoin2025