ADA is currently around 0.192u.
In the previous few posts, they kept saying this bounce has risks—spot is running, leverage is piling up, and the pull didn’t feel solid. That was indeed the case back then.
But things are different now.
In the past three hours, spot net inflow has nearly reached 200 million USD, with twelve consecutive candles all positive. Capital has started to come back for real. However, on the other side, open interest is shrinking, and lending leverage has crashed by more than 90%—the leveraged positions that were built up earlier are being unwound.
This is the most contradictory part right now.
Old funds are exiting, new funds are entering. The price hasn’t dropped, but it also hasn’t broken through the 0.20 level. This suggests the market is changing hands, and the direction still hasn’t been chosen.
Still, there’s a good sign here—this time the funds coming in are spot, not leverage. It’s healthier than the previous OI-stacking rally.
But ADX is still below 20, so the daily trend isn’t strong. So I won’t rush to chase longs or short here. I’ll wait for direction confirmation—either spot continues buying and breaks higher, or once the rotation/turnover ends, price moves downward.
At a spot like this, let’s watch first.
#ada $ADA