A one-hour price slide in the Binance spot pair for Ethena (ENA) coincided with $830,000 in long-position liquidations across three exchanges, while a tally showed no short liquidations.
At 6:20 p.m. ET (23:20 UTC), Binance quoted the Ethena (ENA)/Tether (USDT) spot pair at $0.144. The quote one hour earlier was $0.1503, a decline of 4.19%. A one-hour count showed $830,000 in liquidated long positions on Binance, Bybit and OKX, and zero in short positions.
Long positions benefit when prices rise and lose when they fall. CoinGecko and exchange spot data put ENA at $0.1433 as of 23:28 UTC, down 5.02% over 24 hours. That later reading is separate from the one-hour Binance comparison.
An EconoTimes report on Nov. 3 recorded a 4.58% hourly decline in ENA and $160,000 in long liquidations across the same exchanges.
