Ethena (ENA) lost 4.69% against Tether (USDT) on Binance in a one-hour interval Tuesday; during that interval, long liquidations on three exchanges were $500,000, versus $20,000 for shorts.
At 9:42 a.m. ET (14:42 UTC) Nov. 10, the Binance spot price for ENA/USDT was $0.1556; at 10:42 a.m. ET (15:42 UTC), it was $0.1483. The hourly comparison comes from Binance spot trading.
Long-position liquidations came to $500,000 on the combined tally, while short positions accounted for $20,000 over the period. The tally combines Binance, Bybit and OKX activity and does not show that liquidations caused the price decline.
The quote at 10:42 a.m. ET also put ENA 5.42% lower over 24 hours. As of 15:51 UTC, a later market snapshot showed ENA at $0.1490, down 4.90% over 24 hours.
An earlier EconoTimes report on a separate ENA decline recorded a 4.58% hourly drop on Nov. 3 and $160,000 in long liquidations across the same three exchanges.
