ADA derivatives trading traders are highly bullish: long positions at 69%, new coin NIGHT becomes the focus.

OnChainDetective · 2025-12-23T17:20:10+00:00

The derivation market for Cardano shows clear bullish signals, with long positions reaching as high as 69%. The launch of the new Token NIGHT has attracted significant follow, with its market capitalization reaching 1.25 billion USD and boosting trading activity. Despite the fall in ADA prices, traders remain optimistic about a reversal, believing that the bottom is near, and NIGHT's weekly rise of 39% further enhances market confidence.

OnChainDetective

2025-12-23 17:20:10

Abstract generation in progress

[Coin World] The derivation market for Cardano is showing significant bullish signals. According to trading data, the long positions of ADA in leading accounts have reached as high as 69%, with the Long-Short Ratio even hitting 2.23, creating an extreme level not seen since early December last year.

Interestingly, the timing of this increase in Holdings coincides cleverly with the launch of the new token NIGHT by the founder. The market capitalization of NIGHT once soared to $1.25 billion, attracting a lot of trading attention. In terms of trading activity, the trading volume to market capitalization ratio of NIGHT is exceptionally high, enough to prove that this project is at the center of market discussions.

Although ADA itself is currently hovering around $0.36, having dropped 60% from its October high, this has instead sparked a reversal expectation among traders. From the extreme ratio of Long-Short Holdings, participants generally believe that the bottom is nearing. NIGHT's performance has been even more fierce - it surged 39% in just one week, further reinforcing the market's optimistic outlook.

The shift in sentiment regarding this derivation trading is worth noting, as it often reflects the true judgment of market participants on price trends in advance.

ADA-2,03%

NIGHT-12,65%

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HypotheticalLiquidator

· 2025-12-26 02:46

69% long positions... How scary is this health factor? NIGHT surged 39%, is the liquidation price also skyrocketing? Be careful of chain liquidations.

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AirdropChaser

· 2025-12-23 17:48

69% long positions? This number seems a bit precarious, as such a high percentage usually makes it easier to crash.

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AirdropCollector

· 2025-12-23 17:39

69% long positions? It feels like a sign of impending dumping. NIGHT rose 39% and got everyone excited, be careful of the dumb buyers. ADA is still holding on, but the bottom seems far away. With a market capitalization of 1.25 billion, it has been hyped to the sky, hilarious. This wave looks quite fierce, but who will end up playing people for suckers in the end? What reversal? We're going to be trapped again, haha.

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SelfCustodyIssues

· 2025-12-23 17:30

69% bullish? This number is a bit outrageous, feels like a signal for catching a falling knife. NIGHT rising 39% has scared people? Why are they so easily played for suckers? ADA hasn't hit the bottom yet, I think it still needs to continue to drop. New coins going online so aggressively, maybe they'll drop to zero tomorrow. This wave of bullish sentiment is too strong, on the contrary, one needs to be careful.

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FOMOSapien

· 2025-12-23 17:26

69% long positions? This number needs to be taken with caution; the more unanimous it is, the more dangerous it becomes.

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