Traders longing ADA futures spike after Trump’s crypto reserve reveal: Bitrue
Longing Cardano (ADA) futures has emerged as the fastest growing trade on Bitrue after President Donald Trump announced plans to add the altcoin to a US strategic cryptocurrency reserve, the crypto exchange said on March 3.
As of March 3, Bitrue traders hold ADA futures worth more than $26 million in notional value, up from a daily average of roughly $15 million in late February, according to data from Bitrue.
Of those open positions, nearly 92% are long, indicating a bet the price of ADA will rise, Bitrue said.
“As a result of all this increased interest, ADA/USDT [has] become the fastest growing trading pair in Futures,” the exchange said in an email.
Bitrue is an exchange for trading spot digital assets and crypto futures….
