On a major public blockchain, traders and price are at odds again.
Spot is around 0.186, down a little over 4% on the day, with futures volume around 200 million. The account long/short ratio is up to about 2.58—longs still outnumber shorts by two and a half to one, and funding is slightly positive. Nasdaq futures rebounded about 1.4% overnight, but this market didn’t get the same relief. With crowded longs facing wavering risk appetite, I’d rather keep a close eye on leverage first.
$ADA
#Nasdaq100FuturesUp1.4%
Spot is around 0.186, down a little over 4% on the day, with futures volume around 200 million. The account long/short ratio is up to about 2.58—longs still outnumber shorts by two and a half to one, and funding is slightly positive. Nasdaq futures rebounded about 1.4% overnight, but this market didn’t get the same relief. With crowded longs facing wavering risk appetite, I’d rather keep a close eye on leverage first.
$ADA
#Nasdaq100FuturesUp1.4%
