saw a massive 29% increase in its futures trading volume, reaching over half a billion dollars, as reported by CoinGlass. This increase reveals a strong shift toward ADA perpetual futures trading, which has outpaced the spot market. According to CoinMarketCap, Cardano spot trading volume on exchanges totaled $466 million, bringing the total trading volume to nearly $1 billion.The trend toward futures trading suggests the more speculative nature of trading over long-term investment.
While traders were actively trading ADA futures, the crypto market was in a real storm. In the past 24 hours, positions worth almost a quarter of a billion dollars were liquidated. According to CoinGlass data, it was the bulls, who were mostly"undermined" by market movements during this period, with 66% of liquidations taking place on long positions. , ADA, to a lesser extent, became an instrument with a large volume of liquidations.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.Solana’s $FRISE Raises $200,000 in 2 Hours, Top Dog's Gem of Summer 2024
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