$ENA is one of those tokens where the story is becoming just as interesting as the chart. The latest updates around revenue buybacks and supply changes are giving the token a stronger fundamental narrative, while Ethena’s TVL remains around $4B and institutional involvement continues to grow. I’m also paying attention to the trading activity on Bitget. Strong volume means there’s more market participation, but I’d still rather wait for a setup I’m comfortable with than chase the move. The key question now is whether ENA can turn this momentum into a sustained trend. Worth watching closely. #Macro Insights# #Altcoin Season#