$ADA price rose by 15.46%, data shows that large holders are bullish on it

gate News: According to data from IntoTheBlock, Cardano (ADA)'s "large holder net flow" shows a significant change. This indicator is used to monitor the inflow and outflow of ADA between major holders controlling at least 1% of the total supply. The key indicator sharply decreased in net outflow rate within a week, showing a negative value, indicating that whale holders are transferring ADA from the exchange to wallets, which may reduce the market supply of ADA and thereby create upward pressure on prices. In addition, according to Coinglass data, ADA's open interest increased by 31.44% in the past day, reaching $329 million, showing an increase in new long positions, further indicating a bullish trend in the market.

gate data shows that the price of $ADA has risen by 15.46% in the past 24 hours, with a current price of $0.4259, a market cap of $15.10B, and a 24-hour volume of $26.17M.