The post 69% of All Binance Top Traders Are Long Cardano Amid $1.25 Billion Success of “New ADA” appeared on BitcoinEthereumNews.com.

Cardano’s derivatives crowd is leaning heavily on the bullish side again, with Binance’s top-tier traders now 69% long on the ADA token and the long-short account ratio holding near 2.23 — one of the highest readings since early December.  The accumulation happens as Charles Hoskinson’s Midnight (NIGHT) became a billion-dollar asset in its own right this week, touching a $1.25 billion capitalization before finding some resistance. The dual momentum between ADA and NIGHT paints an unusual picture: ADA itself continues to drift near $0.36, down almost 60% from October highs, yet top traders appear to be positioning for an eventual reversal rather than further weakness.  Source: Binance It is worth noting that the positional ratio of 1.33 suggests most long accounts are not overleveraged, a dynamic that typically signals accumulation phases rather than speculative bursts. “New ADA” takes over Midnight’s own chart tells a similar story as the “new ADA  token exploded 39% in a week, peaking above $0.12 before settling back near $0.076, with over $1.6 billion in 24-hour turnover and a 127% volume-to-market-cap ratio indicating crazy rotation.  You Might Also Like Despite the pullback, its circulating supply of 16.6 billion NIGHT already supports valuations that eclipse many established layer-1 tokens launched in 2024. If Binance’s elite traders are right, the current risk-reward zone for ADA could mirror early cycle setups, where professional accounts accumulate through low-volatility phases while retail sentiment drifts elsewhere — and if Midnight maintains traction, that link between old and new ADAs might prove more valuable than the price chart displays. Source: https://u.today/69-of-all-binance-top-traders-are-long-cardano-amid-125-billion-success-of-new-ada

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Filed under: News - @ December 23, 2025 11:27 pm