ENA Whale Undercurrents: Institutional Selling vs On-chain Continued Buying Standoff

2025-12-21 03:20:10

Abstract generation in progress

[Coin World] Ethena Labs has poured 101.79 million ENA into a certain compliance platform, a certain exchange, and a certain trader, totaling a value of 20.9 million USD, which undoubtedly splashed cold water on the market. It seems there is selling pressure ahead. However, on-chain data tells another story—Whales have not backed down but are continuing to enter the market, recently recording a net purchase of 15 million ENA. This seemingly contradictory situation is quite interesting. The price of ENA has responded somewhat, rebounding to 0.2127 USD, with a daily increase of 4.33%. But don't celebrate too early; the picture from the technical indicators is not very optimistic, clearly leaning bearish. If a defense line is to be found, 0.20 USD is a key support level to keep an eye on.

ENA-1.44%

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MentalWealthHarvester

· 7h ago

Institutions are dumping and the whales are just picking it up, I don't understand this operation... Is the short positions trap really going to break?

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JustHereForMemes

· 7h ago

Institutional dumping, Whale catching a falling knife, this contrast is really amazing... Can 0.20 really hold? To be honest, it's a bit precarious.

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FUD_Whisperer

· 13h ago

Institutions are dumping on-chain and buying in reverse, this tactic is played incredibly smoothly. Let's see if this 0.20 can hold; if it breaks, we have to run.

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LiquidityHunter

· 12-21 03:49

At two in the morning, I noticed the price difference... 101.79 million tokens hedged against 15 million tokens, this liquidity gap is interesting, I need to dig deeper into the slippage differences between CEX and DEX.

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CryptoCross-TalkClub

· 12-21 03:49

Laughing to death, the project party is offloading, Whale catching a falling knife, I would call this operation the "flower passing game" of the crypto world --- Institutions are dumping 100 million coins, and the Whale turns around and eats it. Look at the tacit cooperation between them, no scripts needed --- Is $0.2 the defense line? I see, the defense line is just like the punchline of my crosstalk, gone as soon as it’s mentioned --- Don’t be fooled by the rebound, everyone. The technical indicators are all signaling short, which is much more reliable than the project party's promises --- The Whale bought 15 million coins, and I’m wondering whether it’s real faith or just buying the dip of the suckers.

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ColdWalletAnxiety

· 12-21 03:48

Oh no, it's this routine again, institutions dumping, whales catching a falling knife, it feels like ENA is playing a psychological game.

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Ramen_Until_Rich

· 12-21 03:46

It's the same old routine again: institutions dumping their shares, whales catching a falling knife, and retail investors left confused. We still need to keep an eye on the 0.2 line.

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ChainSauceMaster

· 12-21 03:45

Institutions are dumping as whales take over, this is what ENA looks like now. We must hold at 0.20, otherwise it will be awkward.

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TokenomicsTinfoilHat

· 12-21 03:41

Institutions are smashing coins so fiercely, but on-chain Whales are instead accumulating? This rhythm is quite interesting; it's hard to say who is playing people for suckers.

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SchrodingersFOMO

· 12-21 03:33

Institutions offload to whales, this script is old... but why is it still quite effective? 0.20 is the line between life and death, if it breaks, it really has to be Cut Loss.

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