TL;DR

• ADA has been struggling for the past few weeks and even on a monthly scale, but there’s a chance it could skyrocket to $2 under certain conditions, said a renowned analyst.
• The Cardano ecosystem and its native token have seen a substantial uptick in social sentiment lately, which could propel the aforementioned ADA rise.

Cardano’s native token was once the biggest gainer in the cryptocurrency industry after IOG founder and CEO Charles Hoskinson said he will be heavily involved with setting up a digital asset regulatory framework in 2025, working alongside the Trump administration.

His statement, as well as other notable developments around Cardano, pushed the underlying asset toward multi-year peaks of over $1.3, registered in early December.

However, ADA failed to maintain its run and even plunged toward $0.5 at one point. After briefly spiking to $1.2 on the heels of US President Donald Trump mentioning ADA among the possible participants in the country’s strategic crypto reserve, the token tanked once again and now struggles to remain above $0.7.

However, there’s at least a theoretical chance for Cardano’s coin to explode to new heights at $2 soon, according to Ali Martinez. To do so, though, ADA has a tall task as it needs a daily close above $1.2, which represents a 70% surge from its current levels.

A daily close above $1.15 will confirm this right-angled descending wedge, pushing #Cardano $ADA to $2! pic.twitter.com/VWHb9Bpw4h

— Ali (@ali_charts) March 20, 2025

While this hypothetical price surge might go into the ‘unlikely’ category, at least for now under the current market conditions, ADA has proven in the past that it is capable of similar gains in a relatively short timeframe.

The overall sentiment around Cardano and its native token is quite bullish, as recently reported, which could lead to substantial price increases. A potential approval of an ADA ETF in the States could be another propeller of price jumps to new local peaks.

Since bitcoin (BTC) hit its all-time high (ATH) of $109,000 in mid-January, the leading cryptocurrency has plummeted by roughly 30%. This decline has extended beyond the asset’s price to the network’s open interest.

According to data analyzed by the market intelligence platform Glassnode, Bitcoin Futures open interest is seeing a significant decline in speculation and hedging activity. This market has fallen from $57 billion to $37 billion, reflecting a 35% plunge in two months.

Futures open interest has dropped from $57B to $37B (-35%) since #Bitcoin’s ATH, signaling reduced speculation and hedging activity. This decline mirrors the contraction seen in on-chain liquidity, pointing to broader risk-off behavior. pic.twitter.com/XPbXiHXlRS

— glassnode (@glassnode) March 20, 2025

Futures Open Interest Falls 35%

Glassnode said the decline in Bitcoin Futures open interest mirrors the contraction seen in the asset’s on-chain liquidity, indicating a broader risk-off behavior.

When Bitcoin Futures open interest falls, traders are closing their positions, and this could be due to several reasons: reduced market activity, potential trend reversal, profit-taking/uncertainty, and less confidence in bitcoin’s price trend.

No matter the reason for the decline, lower Bitcoin Futures open interest often comes with fewer outstanding contracts, weakening bullish momentum, reduced leverage, lower volatility, and, in some cases, an increase in selling pressure.

CryptoPotato reported earlier that the Bitcoin market has been deleveraging since mid-February, with more than $10 billion wiped out during a massive liquidation of leveraged positions. Noteworthily, this has always given BTC traders good and profitable short and medium-term opportunities in past occasions.

Potential Short-Term Volatility

While BTC rallied towards its ATH in mid-January, the Bitcoin Futures Perpetual Funding Rate surged to 0.035%—its highest since December 5, 2024—indicating that long traders were periodically paying short traders. However, the high optimism eventually led to an overheated market and triggered a price reversal accompanied by widespread liquidation.

With widespread liquidation, long-side bias weakened, and the futures market witnessed an unwinding of the cash-and-carry trade. Massive outflows from spot Bitcoin exchange-traded funds (ETFs) and the closure of futures contracts on the Chicago Mercantile Exchange (CME) added selling pressure to spot markets, reflecting a shift in positioning.

Although lower Bitcoin Futures open interest is often accompanied by lower volatility due to reduced leverage, Glassnode believes spot Bitcoin ETFs, having lower liquidity than the futures market, could amplify short-term volatility.

Meanwhile, data from CoinMarketCap shows that BTC traded around $83,960 at the time of writing, with a 2.18% decline in the last 24 hours. Bitcoin has remained under $90,000 for two weeks now.

Bitcoin has climbed above $85,000, riding high after the Fed’s rate decision yesterday.

Investors seem unfazed by the unchanged rates – building hope that BTC could be gearing up for another rally.

Meanwhile, some traders are eyeing Bitcoin-linked projects like BTC Bull Token as potential prospects to profit from any market rally.

Bitcoin Surges After Fed Holds Rates – Can Bulls Keep the Momentum?

Bitcoin is up 2% from where it was yesterday.

Overnight, the coin briefly tapped $87,450 before cooling off slightly, but bulls still seem to be in control.

Investor sentiment isn’t the only factor – open interest has spiked to $25.2 billion, suggesting traders are betting on further gains.

The Crypto Fear & Greed Index is also back in neutral territory at 49.

Interestingly, the Fed’s decision to keep rates steady at 4.25%-4.50% didn’t dampen enthusiasm.

Usually, a neutral decision wouldn’t trigger a big reaction, but Bitcoin popped following the announcement.

Ethereum and Solana saw gains, too – though ETH has since slipped back into the red.

It appears traders already expected Jerome Powell’s announcement, as the social buzz around the rate decision was subdued compared to previous meetings.

Still, the big question lingers: can Bitcoin sustain this momentum, or was this just a short-term bounce?

What Could Fuel Bitcoin’s Next Big Bull Run?

Bitcoin’s recent peak – its highest in nearly two weeks – still leaves it 21% below January’s all-time high

But looking ahead, a few catalysts could push it back to that summit.

Institutional money might be the biggest driver, especially given the massive inflows from the spot Bitcoin ETFs courtesy of big names like BlackRock.

There’s also talk of a Strategic Bitcoin Reserve in the U.S. – essentially the government backing BTC.

And don’t forget the potential for two interest rate cuts later in 2025.

The lower the rates go, the better Bitcoin looks relative to traditional investments like bonds.

Still, it won’t all be smooth sailing.

Regulatory uncertainty, geopolitical tensions, and potential stagnation after such strong gains last year could make for a bumpy ride.

Expect plenty of twists this year as Bitcoin attempts to run back to $100,000 (or higher), especially considering BlackRock’s Head of Digital Assets believes Bitcoin’s adoption level still isn’t reflected in its price.

BTC Bull Token Gains Traction in Presale – Is This Meme Coin the Next Big Bitcoin Play?

With Bitcoin back in the green, investors are already scanning the market for coins that could benefit.

And BTC Bull Token is grabbing plenty of attention.

BTCBULL cleverly aligns its success directly with Bitcoin’s price milestones.

If Bitcoin keeps rising, holders get rewarded with actual BTC airdrops directly to their crypto wallets.

For example, if Bitcoin hits $150,000 or $200,000, BTCBULL investors would get paid.

This exciting setup has translated to early presale success.

With nearly $4 million already raised, BTC Bull Token is beginning to make its mark, creating a sizable following on X (Twitter).

Investors can stake their BTCBULL while the presale is ongoing – with APYs currently estimated at 111%.

No wonder almost one billion tokens have been staked before the official launch.

The project has also begun to catch the attention of some influential names in the crypto space.

Danjo Capital Master even claimed BTCBULL could explode after listing.

Still, BTC Bull Token’s success hinges on Bitcoin’s future performance, making it a bold way to gain exposure to BTC.

If Bitcoin continues to push towards its six-figure price targets, BTCBULL holders could be in for an exciting year.

Visit BTC Bull Token Presale

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