$ENA shows the glamorous surface, but the inside is full of hardship. This round of pulling the lever is over. The contract side can’t outmatch even the sell volume with active buying and promotion; within seven hours, the position amount shrank by half a percent. For the long side, this isn’t an attack at all—it’s clearly pulling up while retreating. On the spot market, even the depth on the buy side is weaker than the sell side. Prices rise while volume looks hollow. To put it plainly, the main force is just drawing a pie for retail investors. You only see the thieves getting rich, never seeing them get hit. The bag-holder’s memory is only three seconds.
