Cardano has rebounded to 0.55 USD after a decline. The negative MVRV ratio points to potential undervaluation, suggesting that average investors could face losses if all ADA tokens are sold.
Long liquidations surpassed 1,000,000 USD, reflecting waning confidence among traders. In the last 24 hours, Open Interest dropped by 2.15%, indicating reduced capital inflow and a continuation of bearish market sentiment.
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