ENA whales have made huge profits from short positions. Is it time to buy the dip now?
Complete
1
Opportunity
Bullish
Arthur Hayes’ accumulation signals potential rebound
2
Risk
High
Whale short dominance raises downside pressure
3
Action
Bearish
Wait for confirmation before buying dip
🎯 Opportunity (Bullish 📈)
Short-term technical rebound likely: Despite ENA’s price weakness at 0.2044 USDT, growing on-chain activity and Arthur Hayes’ large transfer to exchanges suggest potential accumulation. If sentiment stabilizes, ENA could rebound alongside recovery in ETH and BTC, both showing strong institutional support.
View More
🚨 Risk (High 🔴):
Overhang from whale shorts and token unlock: Several signals point to continued downside pressure. ENA whales’ profitable short positions (average entry ≈ 0.341 USDT) may lead to further selling. Net capital flows have remained negative for four consecutive days totaling ≈ $2 million outflow.
View More
⚡ Action (Bearish 📉)
Wait for confirmation before buying dip: ENA remains below key exponential averages with high short dominance. Traders should avoid premature accumulation until macro sentiment and whale balance improve; instead, observe how support near 0.20–0.21 USDT reacts after unlock‑period volatility
