Key Insights
- •Cardano price holds near $0.60 support, with analysts eyeing a rebound toward $0.65–$0.75.
- •Cardano open interest jumps 5% to $622.69 million, showing higher trader activity across major exchanges.
- •Whale accumulation rises as large ADA price holders move millions of coins off exchanges.
Cardano (ADA) price could rise toward $0.65 after total open interest increased by 5% across top exchanges on November 3, 2025.
More traders are opening new positions, while large holders continue to move coins off exchanges, showing fresh signs of market interest in Cardano price.
ADA Open Interest Rises Across Major Exchanges
Data from CoinGlass shows that ADA’s total futures open interest now stands at $622.69 million, or about 1.09 billion ADA.
The Cardano figure reflects a 5% rise compared to the previous day. Gate.io holds the largest share with $157.28 million, followed by Binance with $117.93 million and Bybit with $98.87 million.
Furthermore, other exchanges also show steady activity. OKX has $44.97 million in open interest, Bitget $54.47 million, MEXC $35.64 million, and WhiteBIT $25.23 million.
KuCoin recorded $17.54 million, while BingX posted $19.96 million. Smaller exchanges such as Bitunix, CoinEx, and HTX hold between $4 million and $10 million.
Similarly, Kraken saw the biggest increase, up 14.12% in four hours, while Gate.io and MEXC rose by 8.27% and 3.48% respectively.
The rise across different exchanges shows growing market activity around ADA. More traders seem to be betting on short-term movement, while some may be preparing for a possible rebound from the $0.60 level.
Market watchers believe that the increase in open interest signals higher market participation.
When open interest rises, it means more traders are opening or holding positions, which often comes before stronger price movement.
For Cardano price, if the $0.60 support zone continues to hold, the next key level could be $0.65 or higher.
Cardano Whales Step Up Accumulation
Large ADA holders, often called whales, are moving millions of coins away from exchanges.
Market observer Jack noted that outflows have reached multi-million levels, meaning that some investors are storing ADA in private wallets instead of trading accounts.
This trend usually shows that holders are not planning to sell soon. Instead, they may expect the Cardano price to rise over time.
The combination of growing open interest and rising exchange outflows suggests that investors are showing new confidence in Cardano price.
Cardano’s founder, Charles Hoskinson, recently said the network plans to expand its RealFi projects, linking them with DeFi and financial use cases in Africa.
Notably, these efforts aim to increase the network’s Total Value Locked (TVL) into the billions by 2026.
Such growth could make ADA more useful across new lending and savings products. Whale activity is often seen as a sign of smart money moving ahead of broader trends.
When large holders increase their stake, it can signal that they expect positive market changes in the coming months.
DeFi Growth and Cardano Price Outlook
The Cardano network has continued to grow steadily. Reports from TapTools show that over 100,000 new wallets were added in the last 60 days.
This consistent rise points to stronger community participation and ongoing trust in the platform.
The ADA price is holding near $0.60 after several bounces at that level. As of writing it is trading at $0.5766, down by 5.4% in the past 24 hours.
Some chart watchers think the Cardano price may be forming a double-bottom pattern, a setup that sometimes leads to upward moves.
A clean move above $0.66 could set the stage for a ADA price rebound toward $0.75 or $0.85 if trading volume stays healthy.
Meanwhile, the DeFi sector on Cardano is expanding. Projects tied to lending and RealFi continue to gain ground, which could help boost long-term demand for ADA.
If the network keeps growing and traders stay active, the current consolidation may serve as a base for stronger recovery in the months ahead.