Traders longing ADA futures spike after Trump’s crypto reserve reveal: Bitrue

Longing Cardano (ADA) futures has emerged as the fastest growing trade on Bitrue after President Donald Trump announced plans to add the altcoin to a US strategic cryptocurrency reserve, the crypto exchange said on March 3. 

As of March 3, Bitrue traders hold ADA futures worth more than $26 million in notional value, up from a daily average of roughly $15 million in late February, according to data from Bitrue. 

Of those open positions, nearly 92% are long, indicating a bet the price of ADA will rise, Bitrue said. 

“As a result of all this…