Binance's Top Traders Hold 69% Long Positions on Cardano as Midnight Hits $1.25 Billion Cap
Cardano's derivatives positioning has turned strongly bullish as 69% of Binance's top traders are now long ADA, with the long-short account ratio near 2.23 and the positional ratio around 1.33, according to platform data. At the same time, Charles Hoskinson's Midnight (NIGHT) asset recently reached a $1.25 billion market capitalization after a 39% weekly price jump and over $1.6 billion in 24-hour trading volume.