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

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. With bullish momentum fading, ADA appears set for further losses. The key question is: just how far will the altcoin fall? Cardano Traders Close... source: https://beincrypto.com/cardano-open-interest-16-month-low/