00:00Cardano has had a lot of good and a lot of bad happen to it over the last few years
00:04and more
00:04recently I've been seeing a lot more negative headlines than positive headlines but if you're
00:09looking at a few things there's still a couple of things to be pretty excited about. So first thing
00:14I want to go over is just the overall market because if we're looking at the overall market
00:18yes we've had a bit of a downturn in crypto but we are seeing things level out and start to
00:25test
00:26out those support levels. So right now Bitcoin in terms of technicals is testing this lower level
00:32support of around $65,000 per token and so we did drop below it on that initial liquidation event
00:37but the good news is that we're holding above that $65,000 per coin level and I expect us to
00:44see a
00:44retrace and a retest of around that $72,000 to $73,000 per token range pretty soon because on
00:50the weekly charts we have seen consistent weeks in the red and usually that's followed by you know
00:57a retracement a retest of some other resistance levels. So right now things don't look too
01:04concerning on the technical fronts. I wanted to quickly interrupt today's video to bring a word
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02:34stay anonymous and let's get back to the program. Other thing happening with Bitcoin right now is that
02:39we have seen that the CME Group is set to launch 24-7 crypto futures and options trading on May
02:4829th.
02:48This is a really big deal for the overall crypto space because despite negative news happening in
02:54crypto, despite prices coming down a bit, the CME Group is going to be offering around the clock
03:01futures for Bitcoin and Ethereum and this is going to give institutions the ability to have access to
03:08crypto 24-7. Most institutions don't buy Bitcoin, Ethereum or any crypto directly on the blockchain.
03:15They buy it through different, whether it's with ETFs or if they buy it with futures. And so the CME
03:21is the
03:21world's largest derivatives marketplace and this is something that's very exciting to see because now
03:29this is going to give institutions just the ability to take advantage of opportunities in the crypto space
03:3524-7, 365 days a year. The CME has reported average daily crypto volume of 407,200 contracts,
03:46which is up 46% from a year ago. And you can see the net positions of CME Bitcoin futures
03:53by category,
03:54like by traders, has been increasing dramatically. You've seen that it's been mostly, you know,
03:59like hedge funds have been increasing. Asset managers again are up there. So that's really
04:04exciting to see is that institutions are, you know, growing and have a growing appetite for exposure
04:10to crypto. But now let's talk a little bit about what's been going on with Cardano. So there's some
04:14good and some bad. Good news first. The good news for Cardano is that Cardano is set, they've set
04:20February as the target for USDCX stablecoin to launch and boost liquidity. Because on February 15th,
04:29Desario, the CEO of smart contract development firm Anastasia Labs, confirmed that USDCX will go live
04:36on the network before the end of the month. And this is a huge deal because USDCX is a dollar
04:42denominated stablecoin backed one to one by USDC. And it's held through Circle's X reserve infrastructure.
04:50So Circle is like the issuer of USDC, which is the second largest stablecoin by market cap.
04:56And so the important thing here is that Cardano hasn't had a lot of activity on chain. It doesn't
05:04have a lot of TVL. But with this stablecoin coming to Cardano, this would be a huge deal that could
05:11potentially increase and boost the liquidity on Cardano and its overall ecosystem. So that's
05:18something that you definitely need to keep an eye out on because this could potentially bring billions
05:22and billions of dollars onto, you know, Cardano's blockchain and just overall TVL. Now, if we talk
05:29about the bad news, bad news for Cardano is that Cardano DEX volume has crashed 94%, which is a six
05:36month
05:36low. And this is not great because in August of 2025, Cardano network peaked at 19.1 million ADA.
05:47But by now, February 2026, this figure has dropped from around 19.1 million down to 1.1 million. And
05:55this is really not a good sign for the overall market because, and for crypto, for Cardano in
06:02particular, because seeing that much of a drop in overall network activity just shows you that people
06:09aren't using the blockchain, people aren't excited about it. And usually long term, when markets drop,
06:16you still want to be able to see those top layer one cryptos maintain some sort of volume
06:23and maintain a lot of activity. Because when markets are down, prices are going to inevitably come
06:29down. But you don't want to see that activity on the blockchain drops 90% because that is really not
06:40great. So that's something that's not good going on with Cardano. Other thing is going to be that
06:44Cardano open interest has stalled just below $500 million and derivative traders have really have
06:50not been trading Cardano as much. So this is a key indicator of like market excitement and market
06:56participation and conviction about different cryptos. And recently, the open interest has
07:01slipped to low $400 million. This is something that, again, could be a factor just because of
07:08what's going on in the overall market and prices dropping. But like I mentioned before, and in other
07:13videos, projects like Solana and XRP have had institutional demand increase in actual inflows into
07:20those XRP and Solana investment products. So when you're seeing inflows into projects like those,
07:27but then you're seeing open interest in Cardano drop, it just signals maybe there's a shift
07:31happening. Maybe people are not as excited about Cardano anymore. And maybe it's not going to rebound.
07:38So ultimately, if we're looking at the overall market right now, there's a lot of things to be
07:41excited about. Like yes, Cardano has this major development taking place with USDCX, which could bring in a ton
07:47of liquidity to the blockchain. But there's also some negatives that we have to figure out.
07:51Are we going to be able to get past that for Cardano? Like, are we going to be able to
07:55see
07:55more people excited about Cardano DEXs? Or is it just going to continue to drop lower and lower?
08:02So right now with the market, there are opportunities out there. I think there still are opportunities for
08:08Cardano. And I'm not saying it's dead, but there's key things that need to happen in order for us to
08:13see
08:13a true reversal happen in order for us to see Cardano reach those previous all-time record highs.
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