ADA has had a narrow swing around 0.161 on Thursday, and although prices have not changed significantly, there have been improvements in chain holding and futures data. The market began re-evaluating the short-term movement of Cardano as the van Rossem hard-dividem approached.
The whale holds a silo up high.
The Santiago data show that there are between 100,000 and 100 million ADA addresses, with a total holding stock of over 25,650 million, the highest level since February 2023.
In contrast, the number of small addresses with fewer than 100 ADAs has been reduced by about 0.7 per cent over the past four months. This indicates that large amounts of funds continue to be absorbed, while the willingness of the diaspora to participate is relatively weak.
Hard fork will activate on Saturday.
Intersect confirmed on Wednesday that the van Rosem hard fork would be launched on Saturday, following the completion of the related governance approval this week.
The upgrade will incorporate the new Plutus functionality and adjust the protocol to focus on enhancing smart contract performance, developer tool capabilities and network performance efficiency.
Futures data are warming up.
The CoinGlass data show that the unsettled contract for the Cardano futures has risen from about $422 million on Monday to about $445 million on Thursday. Prices tend to increase when prices are generally stable, usually implying additional capital to market.
At the same time, the ADA funding rate was converted to positive, the latest being approximately 0.004 per cent. This reflects a renewed willingness to pay the costs to maintain the warehouse and the recovery of derivative market sentiment from earlier periods.
Prices are still being suppressed.
Despite improvements in chain and derivative indicators, ADA is currently below multiple key averages. The areas of concern mentioned above include $ 0.179, $0.207 to $0.208 and $0.2135.
The next step is to focus on the $0.1500 support bit. If the position is lost, the price may return to the low point of 0.1382 on 25 June. The market is now more concerned about whether the new funds will continue to follow up once the upgrades have landed.