Cardano's latest update, the Chang hard fork, has officially gone live. Despite this significant development, the ADA token has experienced a price decline. The primary reason for this downward trend lies in the funding rates, which have turned negative for the first time in almost a week, signaling a dominance of short traders.
The shift to negative funding rates indicates that traders are increasingly betting against ADA's price, contributing to the sell-off pressure. This market behavior contrasts with the anticipated boost in confidence that typically follows a notable hard fork.
