Cardano’s ADA Falls 14% as Funding Rate Hits Lowest Level Since Late June

Cardano's ADA fell 14% as its funding rate hit -0.0183%, the lowest since late June, while open interest dropped 10% to $526 million around the CIP-0113 mainnet launch. The negative funding rate signals bearish sentiment among derivatives traders, with leveraged longs being liquidated as the price declined.