A 5.03% one-hour gain in Ethena (ENA) coincided with equal long and short liquidation totals, while Binance's ENA/USDT spot market stood at $0.1755 at 9:28 p.m. ET Thursday, Oct. 29.
Binance's ENA/USDT spot pair was $0.1671 at 8:28 p.m. ET and $0.1755 at 9:28 p.m. ET Thursday, Oct. 29 (01:28 UTC Friday, Oct. 30). The $0.0084 rise over the hour equaled 5.03%.
Long positions accounted for $20,000 in liquidations, and shorts for the same amount, across Binance, Bybit and OKX during that hour. Long positions benefit from a price increase, while a short position benefits from a decline. Binance is the sole basis for the price comparison; all three venues contribute to the liquidation total.
Separately, Ethena's market capitalization was about $2.3456 billion, placing it 43rd by market value.
EconoTimes had previously reported a 10.56% hourly decline in ENA on Binance at 5:05 p.m. ET Oct. 29, alongside $1.94 million in long liquidations across three exchanges, in its report on that session's price drop.
