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a Net Change Limit (NCL) through a newly submitted proposal, which defines the maximum amount of lovelace that can be withdrawn from the treasury during an outlined period of time. The Net Change Limit will be 350,000,000,000,000 lovelace (350 million ADA), which is the maximum amount that can be withdrawn from the treasury during this specific period and shall not be exceeded.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
TAO Price Explodes 140% in 6 Weeks, But Bittensor’s Social Data Says the Rally Is Just Getting Started
Bittensor has been one of the hardest‑charging assets in crypto in recent weeks. The TAO price pumped 140% in six weeks, and climbed 105% since March 8 alone. The token now has a $2.9 billion market cap, which means it’s ranking 26 overall, as capital rotates toward decentralized machine
CaptainAltcoin4m ago
TAO surges 140%, low retail FOMO turns into a bullish signal
Bittensor (TAO) recently surged by 140%, reaching a high of $377.8, mainly driven by capital rotation in AI-themed investments and supported by solid fundamentals. Although community discussion volume has increased, retail sentiment remains relatively calm, indicating potential upside. The total staked amount on TAO's subnet has risen from $74,400 to over $620 million, reflecting investor confidence in its future.
MarketWhisper4m ago
Is there hidden risk behind Bitcoin holding steady at $70,000? Two major indicators weaken, reducing upward momentum.
Amid increasing geopolitical conflicts and macroeconomic uncertainties, Bitcoin remains steady at $70,000, demonstrating resilience. However, the decline in CEX premiums and slowing ETF capital flows indicate that institutional investors are becoming more cautious, and the market may enter a period of consolidation.
GateNews10m ago
Nick Carter: Bitcoin's quantum resistance lags behind; Ethereum may lead a bullish divergence
Nick Carter warns that Bitcoin is lagging in quantum resistance, emphasizing that its use of elliptic curve cryptography will become outdated and recommending a redesign of replaceable encryption technologies. In contrast, Ethereum has developed a post-quantum upgrade roadmap through 2029 and considers it a top priority. Google also predicts that quantum threats will become a reality before 2029, posing a risk to blockchain security.
MarketWhisper13m ago
Crypto Fear & Greed Index drops to 10, market "fear" sentiment rises
BlockBeats News, March 26 — According to Alternative data, today’s cryptocurrency Fear and Greed Index is 10 (yesterday was 14), indicating increased market "fear" sentiment.
Note: The Fear and Greed Index threshold is 0-100, composed of indicators: volatility (25%), market trading volume (25%), social media activity (15%), market surveys (15%), Bitcoin’s proportion in the overall market (10%), and Google trending searches analysis (10%).
BlockBeatNews15m ago
Pi coin's 7-month low-volatility period has ended; an 108% rebound in volatility signals a major market move.
Pi Network (PI) is currently trading at approximately $0.1883, facing increased volatility and a decreasing correlation with Bitcoin. Recently, volatility has risen from 52% to 108%, indicating the end of the past seven months of compression and the potential for a significant move. However, the correlation coefficient between PI and Bitcoin has dropped to -0.30, suggesting that PI has not benefited from Bitcoin's upward trend. Technical analysis shows that if the price falls below $0.1894, it could drop to $0.1300, while holding above $0.2103 may lead to a rebound toward $0.2442.
MarketWhisper38m ago
