Cardano’s price climbed to $0.195, its highest level since early July, driven by large spot orders from major investors. The network nevertheless has roughly 7,070 fewer non-empty wallets than two months ago, reflecting still-limited retail participation. Open interest rose to $264 million with a positive funding rate of 0.0057, indicating appetite for leveraged long positions but also increased liquidation risk. For this recovery to sustain, wallet activity and spot demand will need to confirm what derivatives traders are already pricing in.
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