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1,200,000,000 Cardano Hit in Open Interest as Price Eyes Rebound to $1
Crypto Trends

1,200,000,000 Cardano Hit in Open Interest as Price Eyes Rebound to $1

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In the last 24 hours, Cardano (ADA) rebounded by over 6% from its support after a long period of price correction. This bullish rally has triggered a surge in open interest as investors commit to ADA’s future in anticipation of more growth.

Cardano open interest explodes as traders bet big    

According to CoinGlass data, Cardano open interest has spiked by a massive 26.42% as traders committed 1.2 billion ADA valued at $958.11 million per current futures outlook.

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This development suggests that Cardano investors are anticipating further positive movement, possibly toward the psychological $1 price mark. Since early March 2025, ADA has not reclaimed that price level despite several attempts.

With broader market dynamics hinting at a market rally, Cardano could push for the elusive $1 price. To attain this, it has to confront and break the $0.95 ceiling, which is a critical resistance for Cardano.

As of press time, ADA exchanges at $0.8002, representing a 5.78% increase in the last 24 hours. The community remains bullish as investors have intensified a push for the next level, as trading volume spiked by 69.02% to $1.29 billion.

Cardano might soon record breakouts above its key resistance if market participants sustain the ongoing momentum in this bullish rally.

Can ADA push through $1 barrier?

Interestingly, most traders confident of a possible rebound to the $1 level are on the Bitget and Binance exchanges. Bitget recorded 264.30 million ADA in open interest, while Binance registered 247.54 million ADA in open interest, valued at $212.02 million and $198.65 million, respectively.

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These traders might be eyeing further growth that could increase profit-taking. As reported by U.Today, Cardano whales snapped up about 80 million ADA just before the current spike. The move is now seen as anticipatory of the ongoing bullish breakout.

Now that ADA has climbed to $0.80, the next battle is finding stability at this level. With Cardano’s Bollinger Bands signaling potential spikes to higher levels, investors remain keen to see how the price unfolds.



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NFT Gaming

Bitcoin Futures Zoom to Record Open Interest; DOGE, ADA, XRP Add 3%

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Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.

Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.

He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.



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Bitcoin Open Interest Hits $74 Billion Amid Price Rally
GameFi Guides

Bitcoin Open Interest Hits $74 Billion Amid Price Rally

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  • Institutions and macro trends drive activity
  • Bitcoin rebounds to $106,000 despite intraday dip

The Bitcoin futures market is showing strong signs of activity, with its open interest rising to $74 billion, according to Coinglass data. This jump indicates that an increasing number of traders are positioning themselves for possible price moves in the upward direction.

Their actions are proof of renewed confidence in the leading cryptocurrency. The latest surge to $74 billion, one of the biggest in the past few weeks, indicates strong hedging activity.

Institutions and macro trends drive activity

Among the factors driving this trend is the return of bullish sentiment after recent positive changes in the global macroeconomy, especially expectations of lower interest rates and cooling inflation. 

With top financial firms expanding their crypto offerings, growing institutional interest is another factor that could be influencing this trend. Even though higher open interest doesn’t result in a price increase, it shows that more investors are pumping money into the Bitcoin futures markets.

However, a sharp rise in Bitcoin price could trigger massive liquidations and add volatility. Coinglass data also shows a strong relationship between BTC’s price and its open interest.

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While previous price increases earlier this month corresponded to relatively flat or decreasing open interest, the current trend shows that traders are increasingly confident the cryptocurrency’s price will keep rising. Hence, they are not taking profits yet.

As one of the biggest regulated derivatives marketplaces worldwide, the CME Group plays an important role in the cryptocurrency market by offering standard futures and options contracts for Bitcoin.

With these products, institutional and professional traders have the tools they need to hedge risk or speculate on BTC’s price movements, contributing to the broader market’s depth and liquidity.

Bitcoin rebounds to $106,000 despite intraday dip

Current CoinMarketCap data shows that Bitcoin currently trades at $106,616, a rise of 1.11% in the last day. Earlier in the day, the crypto asset’s price dropped to about $104,000 as indicated by the red shaded area. But by midday, it rose back to above $106,000 before reaching its latest price.

Source: CoinMarketCap

Even though BTC’s trading volume is down 17.99% in the past 24 hours, it’s still $54.18 billion. Despite this volume decrease, the crypto asset’s daily volume to market cap ratio of 2.54% shows a relatively healthy liquidity.

The cryptocurrency’s profile score of 100% also suggests strong market sentiment, while the technicals indicate a continued bullish outlook among analysts and traders.



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GameFi Guides

Investors Snap Up $200M in Ethereum Funds as Interest Grows After Pectra Upgrade

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In brief

  • Ethereum products’ inflows surged after the network’s Pectra upgrade.
  • Year-to-date flows for crypto funds topped $7.4 billion, a new record for 2025.
  • Ethereum’s Pectra upgrade has made it easier for institutions to integrate staking rewards into their current products, Sui Chung, CEO of CF Benchmarks, said.

Ethereum investment products generated $205 million worth of inflows last week following the asset’s climb toward $2,700—far more than the $1.5 million a week prior—according to a report from crypto asset manager CoinShares on Monday.

Overall, investors stuffed $785 million into digital asset investment products, including spot exchange-traded funds, lifting year-to-date inflows to more than $7.4 billion, their highest point of 2025. 

“Ethereum was the standout performer,” CoinShares Head of Research James Butterfill wrote, noting that Solana-based funds generated $1 million worth of outflows.

On Monday, the price of Ethereum had fallen to $2,400, a 4.3% decrease over the past day, according to crypto data provider CoinGecko. However, the asset’s price was still up 50% over the past thirty days, and notably higher than the $1,850 mark where it began this month.

Despite notching one of its worst performances on record in the first quarter, Butterfill told Decrypt that Ethereum investors have still been willing to gain exposure to the asset.



“It’s been massively beaten down in price recently,” he said. “What’s been really encouraging, when […] the price has been beaten down, it’s seen a big influx of inflows.”

Less than two weeks ago, Ethereum activated the first phase of its Pectra upgrade. Among sweeping changes to the network, Pectra improved scaling solutions that aim to keep transactions affordable long-term, while increasing the amount of Ethereum that can be staked per validator—another move aimed at honing the network’s overall efficiency.

Although Ethereum funds exhibited notable strength, Bitcoin products attracted more cash. After pulling  in $557 million last week, Bitcoin funds have generated $7.2 billion in inflows year-to-date, accounting for the lion’s share of all flows.

Overall, digital asset investment products notched their fifth straight week of inflows. That lifted year-to-date inflows to $7.5 billion, pushing past a peak of $7.2 billion in February, before U.S. President Donald Trump’s tariffs created weeks of tariff-linked turmoil.

According to crypto data provider Coinglass, spot Ethereum ETFs have lagged behind Bitcoin counterparts in the U.S., pulling in $2.5 billion compared to the latter’s $42 billion, since their debuts in 2024. Part of that disparity, analysts say, is because of a lack of staking rewards for Ethereum ETF investors.

Through staking, users can earn rewards by pledging assets to a network in order to help it process transactions. The process became core to Ethereum with the network’s shift to a proof-of-stake consensus model in 2022.

By bringing a level of operational predictability to Ethereum staking, Ethereum’s Pectra upgrade will make it easier for institutions to integrate staking rewards into their products, according to Sui Chung, CEO of CF Benchmarks, which provides crypto pricing data to CME Group.

“This isn’t just a technical upgrade,” he told Decrypt. “To offer an ETH ETF that includes staking, fund managers need infrastructure that mirrors traditional finance with clear redemption timelines, reliable liquidity, and flexible control over assets.”

Edited by James Rubin

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