Ethena expands ecosystem with EtherFi stablecoin launch
Ethena (ENA)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Ethena is expanding its stablecoin infrastructure as EtherFi plans to launch a branded stablecoin using Ethena’s Whitelabel platform. This partnership could broaden Ethena’s institutional reach. Meanwhile, ENA remains in a tight technical range between $0.230 and $0.270 as traders await a decisive move.
How the market reacted
Whalio's own Binance spot order flow for ENA, measured when this story was written up on 7 October 2026. Not the outlet's figures.
Whalio data shows ENA trading at $0.2403 with a 1-hour buy ratio of 56.7%, indicating short-term bullish sentiment. However, the 4-hour buy ratio drops to 42.5%, suggesting that buying pressure is fading over a slightly longer timeframe compared to the immediate hour. The 24-hour buy ratio sits at 46.9%, showing a balanced but slightly bearish bias over the full day. Volume Delta reflects this divergence, with a positive $188,406 in the last hour contrasting sharply against a negative -$1,711,988 over 4 hours. The negative Volume Delta indicates that sell volume has exceeded buy volume in the 4-hour and 24-hour windows, while the positive 1-hour Delta suggests a brief influx of buying interest.
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.
Was that an ordinary day?
The same Binance spot measurements for ENA, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 50.6%, making today's 24-hour ratio of 46.9% lower by 3.7 points. This indicates a shift toward selling pressure relative to the recent weekly norm. Spot volume was recorded at $34,088,020 for the 24-hour period, which is 0.64x the weekly average, marking it as an unusually quiet day for trading activity. The price has declined 3.3% over the past 8 days, with a total Volume Delta of -$3,494,012 for the week. Only 4 of the last 7 days saw net buying, highlighting a broader trend of distribution against the current short-term fluctuation.