The most recent Coinglass data for the Cardano (ADA) futures market reveals that ADA’s value has been steady round $0.78. Nevertheless, there have been notable adjustments in its open curiosity throughout cryptocurrency exchanges.
As of Might 21, 2025, the full open curiosity is above $920 million. Earlier than the most recent rise, the Coinglass chart reveals a gradual drop in ADA open curiosity since Might 16. Based on the chart, there has additionally been diverse distribution of ADA open curiosity throughout exchanges.
ADA open curiosity dominated by high exchanges
Bitget and Binance dominate with $196.06 million and $192.16 million, respectively. The mix of those two is liable for greater than 40% of the full ADA futures positions.
Bybit follows with $139.17 million, whereas Gate.io ranks fourth with $125.37 million in open curiosity. Exchanges similar to Kraken, dYdX, and BitMEX account for smaller ADA open curiosity in contrast with the highest platforms, with none of them exceeding $5.2 million.
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This reveals that there is a excessive focus of ADA buying and selling exercise on the highest buying and selling platforms. Therefore, any main adjustments on these dominant exchanges might set off broader market reactions.
Since ADA’s value has been comparatively steady over the previous 5 days whereas the open curiosity has diverse, there have not been any dramatic shifts within the general market sentiment towards ADA.
An indication of rising confidence amongst merchants can be the continued rise in open curiosity, whereas the reverse would counsel lowered speculative curiosity or profit-taking.
ADA market cap exceeds $26.5 billion
Cardano’s ADA token is at present buying and selling at $0.752 following a 3.01% improve within the final 24 hours, based on CoinMarketCap knowledge. Following this optimistic motion, Cardano’s market cap is now at $26.58 billion.
With $1.05 billion value of ADA altering palms within the final day, the buying and selling quantity represents a 57.09% improve in exercise. The 24-hour value chart shows a restoration from lows of round $0.7377 to a peak of $0.78 earlier than dropping to present ranges.
Based mostly on the each day timeframe, the token’s value motion reveals main volatility, nevertheless it’s nonetheless inside an general upward path. Additionally, the platform’s profile rating of 75% could possibly be contributing to investor confidence within the undertaking’s fundamentals.
Interest in Cardano continues to rise regardless of a delay by the U.S. SEC in approving a spot ADA ETF and different spot crypto ETFs aside from ETH and BTC ETFs.
As reported by U.At this time, Bloomberg analyst James Seyffart’s prediction was correct, because the U.S. SEC introduced a delay in approving XRP ETPs and different crypto ETFs.
