Author: Benjamin Lee

Cardano’s (ADA) recent price surge is running into fresh headwinds from fading trader interest and large-holder exits. Futures open interest for ADA has dropped 9% over the past week, sliding from $1.99 billion to $1.81 billion as traders cut back on leveraged bets, says Ali Charts on X. Whales also appear to be taking profits. “Since September 20, large holders have offloaded roughly 90 million ADA, worth approximately $22.5 million, adding to the recent selling pressure.” This decline in demand aligns with a Tom DeMark Sequential sell signal that appeared on Cardano’s daily chart. “Since then, ADA has fallen 10%,…