Cardano's Institutional Support Surpasses Retail Investor Concerns

Cardano's share in Grayscale's Smart Contract Fund has been on the rise, indicating that large institutions view it as a core asset rather than a short-term trade.

The fund's rebalancing process has led to an increase in Cardano's share from 18.5% to over 20%, showcasing the confidence of institutional investors in the cryptocurrency.

Meanwhile, technical indicators suggest that weak hands have exited the market, which often precedes a potential recovery. The MVRV Ratio and Open Interest have dropped sharply, indicating a decrease in short-term traders and speculators.