I've been paying close attention to $ENA because its recent momentum is being supported by more than just price action. Ethena's new 1 billion institutional credit facility with FalconX, alongside a recovery in total value locked to around 4.4 billion, suggests the protocol is strengthening its role in institutional DeFi while expanding the utility of USDe. The market is also reacting to improving fundamentals. Trading volume has surged, $ENA has posted strong gains over recent sessions, and many investors believe continued strength in $BTC and the broader Ethereum ecosystem could provide another tailwind. As liquidity and institutional participation increase, Ethena remains one of the projects attracting significant attention. I'm keeping $ENA on my watchlist as this narrative develops. On Bitget, traders can explore different approaches, from spot trading to margin opportunities and automated Grid Trading, making it easier to adapt to changing market conditions while managing risk.