Ethena drops 14%, but why investor sentiment re

Ethena drops 14%, but why investor sentiment remains strong

ENA’s market decline has been driven by derivative traders betting against a price increase.

Investor sentiment remains strong despite the struggling price, as accumulation continues to rise.

Ethena [ENA] has been on a downward path over the past 24 hours, dropping 14%, while the broader cryptocurrency market capitalization slipped by 2.77%.

Market analysis showed that derivative traders have been behind the fall. However, spot traders could see this as an opportunity to accumulate the asset. Here’s how it could play out: