Cardano futures volume surges 10,654% on BitMEX to $40.04M as CME plans ADA and Micro ADA futures launch; open interest ticks up, price edges higher
first published 2026-01-17T20:00:00Z
BitMEX futures volume for Cardano (ADA) jumped 10,654.62% to $40.04 million (per CoinGlass) amid rising derivatives interest ahead of CME Group’s planned launch of ADA futures (100,000 ADA) and Micro ADA futures (10,000 ADA) on Feb. 9 (pending review). Open interest rose 0.12% in 24h to $792.57 million. ADA’s spot price recovered from $0.379 to $0.395 (~+1.0% 24h, ~+1.16% weekly). Near-term technical levels: resistance $0.4378 and $0.50; support $0.38, $0.33 (strong defend), and $0.27 (Oct. 10 low).
AI Analysis
Huge BitMEX futures-volume spike (10,654.62% to $40.04M) and CME’s planned ADA and Micro ADA futures launches (pending review) indicate increased derivatives activity; open interest rose to $792.57M and spot price showed a modest rebound to $0.395. These concrete derivatives and price-movement facts support a mildly bullish view and a moderate short-term market impact.
Expected Investor Sentiment: Neutral
Potential Market Impact: Significant
