🚨 $ENA has been one of the more interesting charts on my watchlist lately. The tokenomics update is a big part of the story: Ethena is proposing to direct 100% of net protocol revenue toward programmatic ENA buybacks, while the Foundation has completed its buyout of locked tokens from certain seed investors and eliminated the monthly VC unlock schedule. The market is clearly paying attention, with $ENA seeing heavy trading activity and strong interest recently. For me, that makes the derivatives side worth watching too. I’m keeping an eye on how traders are positioning on Bitget and whether the volume can sustain the move rather than chasing a spike. If ENA starts forming a range, a grid setup is something I’d consider; otherwise, I’d rather wait for a cleaner directional setup. #Altcoin Season# #Macro Insights# #ENA