Spot flows paint a mixed picture

Spot flows paint a mixed picture

Spot investors are showing mixed sentiment, with both short- and long-term outlooks at play.

In the short term, there’s been a $12 million liquidity net outflow in the latest, painting a bearish dynamic for price movement. Still, AMBCrypto found the market could remain bullish.

broader view shows more net inflow of ENA in the past week—a bullish sign. At the time of writing, there’s $5.7 million more inflow than outflow, showing the market dynamic still leans bullish.

However, further analysis shows traders should remain cautious, as the bullish move could still be a trap.