Are ENA bulls still pretending to be asleep? Open interest in futures has shrunk over seven hours, the basis has plunged into negative territory, and the spot premium is completely gone—this isn’t a shakeout, it’s capitulation. Aggressive buyers don’t even account for half the flow, and bulls still buying the dip are just handing their heads to the 🐶 market maker. The bears have already grabbed the wheel. It’s only a matter of time before price breaks below the previous low—sit back and wait for zero!