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

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.

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…