This is a rewritten excerpt:
This morning I turned on my computer and saw news that the Ethena treasury fund confirmed it holds up to 20% of the ENA supply, plus the fact that OCC has just conditionally approved for one of Trump’s bank clients. I knew right away that the traditional speculators would make things intense again tonight. This move shows that funds are holding a portion of the circulating supply—thereby controlling liquidity and paving the way for capital flows from U.S. institutions. Recall May 2021, when China banned crypto mining: BTC melted down from 58k to 30k in just two weeks. People panicked, sold in a rush, missed the chance to pick up the bottom, and then watched BTC sprint up to 69k. This time, clear good news about regulation triggers mass FOMO, while major funds entered positions early. They’ve accumulated high-quality assets at favorable prices; now they’re just waiting for the crowd to chase after, so they can stuff the order book. FOMO is huge, but chasing it right now is no different from catching a falling knife. $0.50 could be the upper boundary. Don’t rush to chase—wait for the price to retest the support zone around $0.42-$0.44. That’s the area worth buying, because if you control 20% of the supply, you’ll want the price as low as possible before it suddenly spikes.
$ENA #BinanceSquare #CryptoNews
This morning I turned on my computer and saw news that the Ethena treasury fund confirmed it holds up to 20% of the ENA supply, plus the fact that OCC has just conditionally approved for one of Trump’s bank clients. I knew right away that the traditional speculators would make things intense again tonight. This move shows that funds are holding a portion of the circulating supply—thereby controlling liquidity and paving the way for capital flows from U.S. institutions. Recall May 2021, when China banned crypto mining: BTC melted down from 58k to 30k in just two weeks. People panicked, sold in a rush, missed the chance to pick up the bottom, and then watched BTC sprint up to 69k. This time, clear good news about regulation triggers mass FOMO, while major funds entered positions early. They’ve accumulated high-quality assets at favorable prices; now they’re just waiting for the crowd to chase after, so they can stuff the order book. FOMO is huge, but chasing it right now is no different from catching a falling knife. $0.50 could be the upper boundary. Don’t rush to chase—wait for the price to retest the support zone around $0.42-$0.44. That’s the area worth buying, because if you control 20% of the supply, you’ll want the price as low as possible before it suddenly spikes.
$ENA #BinanceSquare #CryptoNews