cardano

Cardano (ADA) continues to extend its corrective phase, trading below the $0.29 level at the time of writing on Thursday. Selling pressure has become increasingly evident, reflected by the formation of two consecutive bearish daily candles over the past two sessions. This price behavior highlights a weakening market structure as buyers struggle to regain control.
Beyond spot price action, developments in the derivatives market further reinforce the bearish outlook. Short positioning in ADA has increased, while overall market participation is fading. From a technical perspective, short-term sentiment remains firmly negative, with Cardano drifting closer to price levels not seen since October 21, 2023, raising concerns about the sustainability of current support zones.
Cardano Derivatives Data Signals Growing Bearish Bias
According to derivatives data, Cardano futures open interest (OI) on Binance dropped to $90.21 million on Thursday, marking its lowest level since early November 2024. This decline follows a steady downtrend that began in mid-January, suggesting that capital is gradually exiting ADA-related derivatives markets.
A falling OI typically indicates that traders are closing positions rather than opening new ones, signaling reduced conviction and declining risk appetite. In the current context, this trend aligns with persistent downside pressure and reinforces expectations of further weakness in ADA’s price action.
Additional data from CoinGlass shows that ADA’s long/short ratio stood at 0.95 on Thursday. A ratio below 1 implies that short positions outnumber long positions, highlighting a dominant bearish bias among derivatives traders. This imbalance reflects growing expectations that Cardano may continue to face downside risks in the near term.
Market Outlook
Overall, the combination of weak spot price structure, declining derivatives participation, and a skew toward short positioning paints a cautious picture for Cardano. Unless market sentiment improves or buyers step in decisively, ADA may remain vulnerable to further downside as the broader correction unfolds.
This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions. The author assumes no responsibility for any investment outcomes.
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The Deep Dive Analysis
While the retail market is panic-selling Bitcoin at $72,000, the smartest institutions in the room are quietly positioning for a massive infrastructure event happening next week.
On February 9, 2026, the CME Group (Chicago Mercantile Exchange) is launching Futures Contracts for Cardano (ADA), Chainlink (LINK), and Stellar (XLM).
Why This Is a Game-Changer
You need to understand how Wall Street works. Hedge funds and pension funds cannot just open a Binance account and buy ADA or LINK. Their charters forbid it. They need "regulated rails."
Before Feb 9: Institutions had zero safe way to bet on these assets.After Feb 9: The floodgates open. They can now hedge, long, and short these specific assets using the same regulated infrastructure they use for Gold and Oil.
The "CME Effect" Strategy
Historically, when an asset gets listed on CME, two things happen:
Pre-Launch Volatility: "Insiders" accumulate the asset in the days leading up to the launch.Post-Launch Legitimacy: The asset is no longer considered a "Altcoin Casino Chip"—it becomes a recognized financial commodity.
Chainlink (LINK) is particularly interesting here. With its CCIP protocol becoming the standard for banking chains, this CME listing is the final stamp of approval banks needed to start building serious exposure.
The Verdict
Stop staring at the red Bitcoin chart. Look for "Relative Strength."
If you see ADA, LINK, or XLM refusing to drop while the rest of the market crashes, that is the "CME Front-Running" trade in action. The smart money is buying the fear because they know the rails open on Monday.
#Chainlink #Cardano #Stellar #CMEGroup #InstitutionalCrypto