Ethena in the Face of a Possible Short Squeeze

Ethena (ENA) experienced an unexpected downturn in funding rates in the early hours of May 18th, and was heavily targeted for short selling in the derivatives market. The prevailing open interest in the market was largely inclined towards short positions against ENA. This prevailing scenario indicates the possibility of ENA being subjected to a short squeeze. For the most up-to-date financial and business news, visit COINTURK FINANCE.