Crypto 350

07/17 06:51

There’s been a sharp rise in market liquidity over

There’s been a sharp rise in market liquidity over the past 24 hours across both the derivatives and spot markets.

In the derivatives segment, Open Interest—which measures the total value of unsettled Futures contracts—climbed over 3% to $1.21 billion, adding roughly $48 million to the market per CoinGlass.

This marks the third time this year that OI has crossed the $1.2 billion level—previously in March, when ADA traded at $1.17, and for most of January, when price hovered around $1.

These liquidity inflows are typically seen as bullish and align with prior rallies above $1.2 billion, which historically preceded further upward moves.

The spot market also shows a strong bullish stance.

Data from the Spot Exchange Netflow—which tracks net buying or selling pressure—indicates that over $14 million in ADA was purchased over the past week.

This buying pressure has helped sustain ADA’s uptrend, with the token trading at $0.7522 at press time.

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