In the past few days, Cardano (ADA) has showcased notable bullish action even while many other cryptocurrency assets faced bearish pressure and had their rallies cut short. Following its upward performance, several metrics of Cardano are starting to turn bullish and reaching levels not seen in a long time.

Explosive Growth In Cardano Futures Open Interest

Cardano’s recent bullish action appears to be influencing multiple key metrics, hinting at a notable shift in market dynamics. One of the crucial metrics currently exhibiting a positive trend is the Futures Open Interest (OI) .

Presently, the network has experienced a massive uptick in its derivatives market, with futures open interest skyrocketing and indicating an influx of both institutional and retail traders. The rise

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