Ethena Launches USDe Yield Market on Binance bStocks
Ethena (ENA)
Editor:
Eugene Serbin
BitcoinEthereumNews.com reports that Ethena has opened a new yield market for USDe with Binance bStocks. The outlet is authored by Alex, a financial markets journalist and co-founder of Millennial Media Group. Alex has spent close to ten years trying to answer one stubborn question: what’s really driving this? This focus began in 2016, when Bitcoin refused to make sense to him.
How the market reacted
Whalio's own Binance spot order flow for ENA, measured when this story was written up on 25 September 2026. Not the outlet's figures.
Whalio data shows ENA trading at $0.2246 with a spot volume of $48,196,978 over the last 24 hours. The 1-hour buy ratio stands at 49.7%, slightly below the 4-hour ratio of 51.6% and the 24-hour ratio of 50.1%, indicating a marginal short-term shift toward selling. Volume delta reflects this in the 1-hour window with -$39,589, contrasting with a positive +$610,496 over 4 hours and +$49,552 over 24 hours. The Cumulative Volume Delta (CVD) closed at -$938,658, showing that despite net buying hours, aggressive selling pressure has dominated the closing flow.
The latest daily buy ratio of 50.0% sits at the 67th percentile of the last 323 days, against a median of 49.0% - ordinary for this coin.
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 7-day average buy ratio was 49.5%, with the latest day showing a +0.6 points increase. This day saw a volume of 0.69x the average, indicating lower-than-usual trading activity. Price surged +45.3% over 8 days, yet the total volume delta for that period was -$4,430,823. Net buying occurred on only 3 of 7 days, suggesting that the recent price action was not consistently supported by broad accumulation.