What does a selective altcoin bounce reveal when the broader tape is still flushing leveraged longs?
ENA STANDS TALL WHILE LONGS BLEED
Market-wide long liquidations hit ~$117M+ in 24h.
Crowded longs still paying positive funding.
Yet Ethena rips +5-9% today even as Hayes offloads millions.
Yield + USDe narrative holding the bid?
$ENA
$ETH
$SOL
Tip: Does positive funding after a long flush signal more pain ahead, or just cleaner positioning for the next leg?