$ENA Ethena (ENA) has made a strong upward move, gaining over 13% in the last 24 hours and reaching a local high of $0.628. The cryptocurrency is currently trading at $0.622, showing renewed buyer interest after successfully holding the $0.51 support level.

Trading volume has seen a substantial increase of 28%, climbing to $1.14 billion, which indicates growing market participation and liquidity. This volume surge comes as buyers return to both spot and futures markets.

Data from Coinalyze shows $46.99 million in Buy Volume versus $42.3 million in Sell Volume over the past day. This has flipped the Buy-Sell Delta positive by $4.63 million, reversing the negative trend seen over the previous week. The positive delta suggests renewed spot accumulation is taking place.

Exchange activity further confirms this buying pressure. According to CoinGlass, Spot Netflow has remained negative for eight consecutive days, with -$123K recorded most recently. This sustained outflow pattern typically indicates coins moving off exchanges into private wallets, often considered a sign of long-term holding behavior#BTC