Cardano's market performance has taken a significant hit as open interest drops sharply amid a broader crypto selloff. The recent downturn has raised concerns among investors about the future trajectory of the cryptocurrency market, and the report expresses concern that this trend may continue if market conditions do not improve.
Падение открытого интереса в Cardano
Open interest in Cardano has plummeted to $607 million, reflecting an 8% decrease as the market faced intensified selling pressure. Over the past 24 hours, Cardano's price has fallen by 5.44%, settling at $0.3274, which aligns with the overall trend in the cryptocurrency space.
Рынок и ликвидации
The recent market turmoil has resulted in a staggering $174 billion in daily liquidations, predominantly affecting long positions. Traders who had anticipated price increases found themselves on the losing side, with liquidated long positions accounting for $164 billion of the total. This wave of liquidations has contributed to a cautious sentiment among investors, prompting them to reassess their strategies in light of the current market conditions.
Cardano's recent price movements have drawn attention as it faced a pullback after an initial rally, contrasting with the sharp decline in open interest reported earlier. For more details, see the full article here.
