Data: In the past 24 hours, total liquidations across the network reached $130 millions, with long positions accounting for $68.16 millions.

Data: A new address went long on $41 million ENA, while simultaneously shorting $42 million worth of ETH and BTC for hedging.

Data: Andrew Kang-related addresses open high-leverage short positions in ETH and BTC, with a total position value of $68.24 million

Andrew Kang turns bearish, opens 25x short position with over 10,000 ETH

Current mainstream CEX and DEX funding rates indicate the market remains bearish.