Ethena

Ethena Accumulation/Distribution

ENA · Rank #35
Price
$0.2060
Market Cap
$2,762,318,206
24h Volume
$430,660,292
Circulating Supply
13,406,250,000

What to expect next: ENA move range and market state

Updated hourly · as of 16 Oct, 13:00 UTC

ENA is likely to stay within ±7.7% over the next 24 hours, and within ±3.6% over the next 4 - each band held about 80% of the time in testing. Funding shows crowded longs.

Next 24 hours · likely range
±7.7%
$0.1907 – $0.2211
The price 24 hours from now stayed inside this range 8 times in 10 in testing; 19 times in 20 inside ±14.0%. Along the way, 8 times in 10 it never strayed further than ±9.7%.
Tested: forecasts the size of moves
Next 4 hours · likely range
±3.6%
$0.1982 – $0.2127
The price 4 hours from now stayed inside this range 8 times in 10 in testing; 19 times in 20 inside ±7.0%. Along the way, 8 times in 10 it never strayed further than ±4.1%.
Tested: forecasts the size of moves
Volatility vs the past month
Normal
Last 24h: 6.6% · 30-day typical day: 7.7%
calmestwildest
Volatility over the last 24 hours is within the coin's usual range for the past month.
Tested: forecasts the size of moves
Trading volume
0.7× normal
last 24h vs 30-day daily average
Volume over the last 24 hours is 0.7 times the coin's 30-day daily average.
Tested: forecasts the size of moves

Futures and positioning · Binance ENAUSDT perpetual

Funding rate
11.0% a year
0.0050% per 4h
month lowmonth high
Longs are paying shorts more than at almost any point in the past month: positioning is crowded on the long side. In our test, readings this high came before the coin trailed the market by about 0.3% over the next day, on 15 of 19 coins - the most consistent pattern we found, but not strong enough to be called proven.
Tested: suggestive, not proven
Who is long
64% of top-trader positions
55% of all accounts are long
Long share of positions held by Binance's largest futures accounts, and of all accounts by number. Binance publishes only the last 30 days; Whalio keeps them from 12 October 2026.
Too little history to test yet
Perpetual premium
-0.061%
The perpetual trades below the index by 0.061%, 14th percentile of the past month.
Tested: no predictive value for direction

Who is pushing

Spot net flow, 24h
+7.0%
most sellingmost buying
Buyers on the spot market were ahead by 7.0% of turnover over 24 hours, a strong reading for this coin (95th percentile of the past month). In our test, readings like this said nothing about the next move's direction.
Tested: no predictive value for direction
Futures net flow, 24h
+0.3%
futures volume 6.1× spot
most sellingmost buying
Buyers on the futures market were ahead by 0.3% of turnover over 24 hours, a strong reading for this coin (91st percentile of the past month). In our test, readings like this said nothing about the next move's direction.
Tested: no predictive value for direction
Trades of $10K+, 24h
508 trades
1.0× the past week's daily pace
508 trades of $10,000 or more in 24 hours, $14.4M in all, with buyers ahead by $408K. In our test, which side large trades took said nothing reliable about the next move.
Tested: no predictive value for direction

The labels say what each reading was found to be good for when we tested Whalio's data against what prices did next. Ranges are statistical, not guarantees: roughly one 24-hour window in five ends outside its 80% range, and fast markets break ranges more often. Nothing here tells you what to buy or sell. Compare all coins.

Volume Delta & Buy Ratio

Period Volume Delta Buy Ratio Volume Trades
1 Hour +$43,015 52.2% $982,772 8,808
4 Hours +$305,345 53.4% $4,505,743 27,045
1 Day +$384,116 50.2% $55,383,201 316,813
Is that normal for Ethena?

The latest daily buy ratio of 50.3% sits at the 71st percentile of the last 322 days, against a median of 49.0% - stronger buying than most days. Volume ran 3.28 times a typical day, busier than 90% of the last 322.

Cumulative Volume Delta (24h)

Net difference between buying and selling pressure over the last 24 hours

Recent Large Buy/Sell Deals at Binance

Trades at least 10% above ENA's average impulse size over the last 7 days

Price
$0.2065 +5.41%
Impulses (Last 24 Hours)
523 +5%
Net Buy/Sell
+$132,522
Total Amount
$14,729,520 +11.6%

Last impulse: 2026-10-16 16:20 · compared against the preceding last 24 hours

Time Price Amount Side
2026-10-16 16:04 $0.2056 $106,562 Sell
2026-10-16 16:02 $0.2066 $48,178 Buy
2026-10-16 15:58 $0.2065 $35,777 Buy
2026-10-16 15:58 $0.2065 $58,623 Buy
2026-10-16 15:56 $0.2060 $76,511 Sell
2026-10-16 15:53 $0.2062 $33,140 Buy
2026-10-16 15:22 $0.2057 $63,398 Buy
2026-10-16 15:09 $0.2051 $51,785 Sell
2026-10-16 14:55 $0.2052 $53,265 Sell
2026-10-16 14:38 $0.2066 $51,191 Buy
2026-10-16 14:32 $0.2067 $47,947 Sell
2026-10-16 13:27 $0.2079 $37,614 Buy
2026-10-16 13:25 $0.2072 $36,689 Buy
2026-10-16 13:24 $0.2067 $46,077 Buy
2026-10-16 13:24 $0.2067 $119,006 Buy
2026-10-16 13:23 $0.2063 $59,143 Buy
2026-10-16 12:46 $0.2040 $169,787 Sell
2026-10-16 12:23 $0.2035 $34,200 Sell
2026-10-16 12:01 $0.2033 $173,294 Sell
2026-10-16 11:22 $0.2043 $34,914 Buy
2026-10-16 11:10 $0.2047 $49,038 Sell
2026-10-16 11:00 $0.2052 $61,346 Buy
2026-10-16 10:58 $0.2054 $183,801 Sell
2026-10-16 09:55 $0.2049 $71,981 Buy
2026-10-16 09:36 $0.2055 $47,996 Buy
2026-10-16 09:26 $0.2051 $39,347 Buy
2026-10-16 09:25 $0.2051 $39,511 Sell
2026-10-16 08:51 $0.2071 $47,873 Buy
2026-10-16 08:46 $0.2055 $63,925 Buy
2026-10-16 08:36 $0.2046 $55,774 Sell
2026-10-16 06:56 $0.2036 $43,855 Buy
2026-10-16 06:53 $0.2029 $55,028 Sell
2026-10-16 06:29 $0.2027 $102,086 Sell
2026-10-16 06:05 $0.2023 $41,813 Buy
2026-10-16 05:51 $0.2038 $38,582 Buy
2026-10-16 05:50 $0.2033 $33,942 Sell
2026-10-16 05:37 $0.2007 $47,584 Buy
2026-10-16 05:33 $0.2016 $61,265 Sell
2026-10-16 05:31 $0.2026 $270,795 Sell
2026-10-16 05:00 $0.2026 $155,239 Sell
2026-10-16 04:00 $0.2028 $88,410 Sell
2026-10-16 03:11 $0.2062 $35,578 Sell
2026-10-16 02:35 $0.2068 $43,563 Buy
2026-10-16 02:16 $0.2078 $197,985 Buy
2026-10-16 02:00 $0.2048 $58,227 Buy
2026-10-16 01:30 $0.2048 $44,459 Buy
2026-10-16 01:02 $0.2040 $42,118 Sell
2026-10-16 01:01 $0.2039 $49,702 Sell
2026-10-16 00:44 $0.2055 $89,546 Sell
2026-10-16 00:37 $0.2064 $48,190 Sell

What Ethena's order flow looks like

Whalio holds 322 days of Binance spot order flow for ENA, starting 2 November 2025. On a median day the pair turns over $16.9M across 81,170 trades, which works out at about $208 a trade.

On 15 October 2026, the most recent complete day, the buy ratio was 50.25% against a median of 49.02%. That is the 71st percentile of the days measured, which makes it leaning, but within its normal range. Turnover came to $55.4M, 3.3 times the median day.

Net taker flow has not settled into a run: the side crossing the spread in greater size changed within the last three days.

The heaviest day on record is $158.9M on 21 August 2026, and the busiest by count is 859,273 trades. The largest single-day gain measured is 24.97% on 20 August 2026.

All of this is Binance spot only. The buy ratio counts which side crossed the spread, not who placed the order or why, and ENA can trade differently on another venue or in futures.

Figures recomputed after each daily close. The method is on the methodology page.

Price History

Latest Ethena News

Each story read against ENA's Binance order flow at the time it broke

All ENA news →

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