Ethena (ENA) plunged 12.3% in one day, losing the $0.20 support to hit a low of $0.182. Long position liquidations exceeded $8.2 million, while the futures market recorded net outflows of $38 million. Several whales sold their positions, including one investor who unloaded nearly $800,000 worth of tokens ahead of the CPI release. Spot exchange netflows remained negative but narrowed compared to the previous day. The next support level to watch stands at $0.16, with a deeper bearish scenario at $0.13.
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