Trader Strategy Battle in the Ethena Market: What Will Happen Next? (13/3/25)

Jakarta, Pintu News – In the world of cryptocurrency trading, the dynamic between derivatives and spot traders often dictates market direction. Recently, Ethena (ENA) experienced a 4.96% price spike driven by derivatives trader activity, while spot traders were seen selling heavily. This phenomenon raises a big question about what will happen next to ENA.

Derivatives Traders Take Charge of Momentum

Derivatives traders, who use leverage to increase their potential profits, have been the main force behind Ethena’s (ENA) recent price rise. They continue to push the price up with aggressive strategies, capitalizing on market volatility to make quick profits.

This shows that there is strong optimism among these traders towards the future of ENA. Meanwhile, market indicators show that the trading volume of derivatives for ENA continues to increase. This signals that more and more market participants are interested in participating in this high-risk trade, in the hope that the upward price trend will continue.

Also Read: Bitcoin and Stock Market Plummet, Arthur Hayes Asks Investors to Be Patient: Why is Crypto Red?

Sales Increase in Spot Market

On the other hand, spot traders, who trade without leverage, started selling their ENA. Data from the Coinglass exchange shows that in the past 24 hours, $2.05 million worth of ENA has been sold. This shows a cautious tendency among these traders, who may feel unsure about the future stability of ENA prices.

This heavy selling could be a reaction to the price increase triggered by derivatives traders, or it could be for fundamental reasons that the market has yet to fully understand. Both of these factors add uncertainty to the market, which could have an impact on ENA’s future price volatility.

ENA’s Future Prospects

With significant differences in strategy between derivatives and spot traders, the future of ENA is becoming increasingly uncertain. If derivatives traders continue to push prices up, there could be more selling from the spot side, which could eventually push prices back down.

However, if ENA can demonstrate strong fundamentals and give spot traders a reason to maintain their holdings, it is possible that the currency will stabilize and grow gradually. Market watchers should continue to monitor both sides of this to get a clearer picture of the direction ENA will take.

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The battle between derivatives and spot traders in the Ethena (ENA) market is creating an interesting and uncertain dynamic. How these two groups will affect ENA prices going forward remains to be seen, but certainly, volatility and trading strategies will continue to play an important role in determining the fate of ENA.

Also Read: Drastic 19% Drop in Solana Futures – Here’s Solana’s Technical Outlook in March 2025

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• AMB Crypto. Ethena: Spot and Derivative Traders Clash Over ENA’s Next Move – Here’s Why. Accessed on March 12, 2025
• Featured Image: CoinMarketCap