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Decoding Bitcoin’s supply gap: Can BTC bulls reach $84,569?

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Decoding Bitcoin’s supply gap: Can BTC bulls reach $84,569?


Bitcoin’s rebound from a summer consolidation period gained momentum as improving on-chain conditions further bolstered the broader bull market structure. 

The latest move pushed BTC price toward a crucial area where overhead supply had previously remained relatively thin. 

Bitcoin, however, had already created solid support levels between $61,849 and $63,111 prior to the recent price rally.

 Prior to this, over two million BTC had been traded in the area, generating high demand from BTC holders.

Meanwhile, URPD data revealed limited overhead resistance beyond $75,733, according to analyst Ali Martinez. The distribution left Bitcoin with significantly lower historical supply before the next major concentration.

The analyst predicted that clearing $75,733 could open Bitcoin’s path toward the 83,307–84,569 region. Roughly one million BTC had previously changed hands around that upper supply cluster.

Therefore, Bitcoin’s underlying holder base had provided a strong foundation beneath the latest breakout attempt. However, a sustained demand would be required for price to successfully exploit the overhead supply.

MVRV reversal revives a cycle signal

Beyond holder distribution, Bitcoin’s MVRV ratio strengthened vertically following its recent downturn. Notably, the reversal as a signal that it has previously witnessed around significant cycle bottoms.

Similar MVRV recoveries had emerged during periods when Bitcoin’s valuation weakened hugely against its realized value. Historically, those reversals accompanied transitions from broader declines toward sustained recovery phases.

Importantly, the latest turn came at a time when Bitcoin had already rallied off its June lows. This alignment improved the significance of the valuation recovery in the broader market structure.

But history by itself would not mean a repeat of the similar cycle expansion. Bitcoin price still needs sustained demand to confirm whether the valuation reversal could support further price breakout.

However, the MVRV recovery strengthened the bullish evidence that accompanied Bitcoin’s increasingly favorable distribution amongst the holders.

Source: CryptoQuant

Falling NVT adds weight to recovery

Bitcoin’s NVT (Network Value to Transactions) ratio also declined in the midst of the ongoing recovery, boosting the valuation conditions of the network. 

At press time, the metric had fallen 21.64% to 16.3258 in 24 hours, extending its recent downward trajectory.

This development complemented the MVRV reversal rather than leaving price appreciation unsupported by on-chain conditions. 

Moreover, both measures had improved as Bitcoin price moved towards the thinner URPD supply zone.

However, NVT is not enough for determining if Bitcoin would keep the breakout going. Rather, its decline provided a supporting hand to the overall demand and valuation situation.

Source: CryptoQuant

Breakout strength meets an overheated RSI

On the daily chart, price action had already delivered an important structural change before Bitcoin challenged the analyst’s projected pathway. 

Bitcoin price broke out of the 58,142-67,076 consolidation zone, before clearing the  $72,999 level. 

At the time of analysis, the rally had pushed Bitcoin [BTC] toward the $75,261 zone, placing the $78,095 resistance level directly ahead. However, RSI had surged to 83.21, indicating a market in strong overbought condition.

Meanwhile, MACD strengthened during the recent breakout rather than lagging behind price. The MACD line reached 1,672.54, while the signal line stood at 1,178.46.

During the range escape, its histogram expanded to 494.08 in the bullish direction, indicating stronger bullish pressure. A successful $78,095 break would reveal a $82,711 supply cluster, which would move closer towards Martinez’s price range.

However, the elevated RSI could encourage short-term cooling before Bitcoin price attempts another sustained extension.

BTC price actionBTC price action
Source: TradingView

Final Summary

  • Bitcoin’s strong support and improving on-chain metrics have reinforced the current breakout.
  • Clearing $78,095 could strengthen Bitcoin’s path toward the 83,307–84,569 supply zone.

 



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U.S. Bank Business Shield Visa review: Solid 0% APR offer, but little long-term rewards value

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U.S. Bank Business Shield Visa review: Solid 0% APR offer, but little long-term rewards value


The U.S. Bank Business Shield™ Visa® Card is a 0% APR card with no annual fee. If you’re a business owner who wants to lower interest charges, you can use this card to transfer an existing debt balance or finance new purchases. The tradeoff? You’ll get little long-term rewards value.

U.S. Bank Business Shield Visa overview

  • Annual fee

    $0

  • Introductory Purchases APR

    0% intro on purchases for 12 billing cycles

  • Ongoing Purchases APR

    16.24% – 25.24% Variable

  • Introductory Balance Transfer APR

    0% intro on balance transfers for 12 billing cycles

  • Ongoing Balance Transfer APR

    16.24% – 25.24% Variable

  • Benefits

    • Earn a $50 annual statement credit after making $5,000 in purchases through the Travel Center
    • Set up a 3-month $0 fee Extend Pay Plan offer each calendar year after the new account 0% introductory purchase APR offer has expired
    • Terms & conditions apply

Additional info about the U.S. Bank Business Shield Visa Card

This card’s primary benefit is its 0% introductory APR for purchases and balance transfers, but there are a few more perks for longer-term value:

  • $50 annual statement credit: Spend at least $5,000 each account anniversary year on travel booked through the U.S. Bank Travel Center, and you can earn a $50 statement credit to your account.

  • U.S. Bank Spend Management: Access U.S. Bank’s platform for business owners. You can monitor and track spending across your account (including employee cards), integrate your card account with your accounting software, set permissions and spending limits, and more.

  • Purchase Security: Protect your eligible purchases against damage or theft for the first 90 days. This covers repairs, replacement, or reimbursement up to the purchase price with a $10,000 maximum per claim and $50,000 maximum per cardholder.

How to earn rewards

This card is primarily a 0% APR card, so you won’t earn many rewards. 

Still, you can get 5% cash back on prepaid airfare, hotel bookings, and car rentals booked through the U.S. Bank Travel Center. If you spend $5,000 annually through the Travel Center — enough to earn the $50 annual statement credit — you could get up to $250 cash back. Combined with the $50 statement credit, that’s significant savings. However, you’ll need to be willing to book all of your business travel through the portal.

How to redeem rewards

You can redeem your cash back rewards as a statement credit to your account or for a deposit into a U.S. Bank savings, checking, or money market account. 

Minimum redemption amounts may vary, but you can also use Real-Time Rewards to redeem cash back toward a specific eligible purchase.

Your points won’t expire as long as your account remains active. To keep your account active, you should have rewards, a balance, or purchase activity at least once every 12 billing cycles.

Who is the U.S. Bank Business Shield Visa Card best for?

The U.S. Bank Business Shield card is best for business owners seeking a 0% APR introductory period. 

You can use the 0% APR on balance transfers if you have debt you want to pay off without interest. Transfer your debt within 30 days of opening your account, and be prepared to pay a balance transfer fee equal to 5% of the amount you transfer or $5, whichever is greater.

The 0% APR on purchases, on the other hand, can be helpful for financing a large purchase you have coming up or for floating your expenses over the intro period without interest. 

If you take advantage of either 0% APR offer, make sure you have a plan to pay down your balance by the time the intro period ends. Any amount you have left to pay after that will start accruing interest at your card’s regular ongoing APR. 

This card may not be right for you if your primary goal is earning rewards on your business spending. While you can get cash back on U.S. Bank Travel Center purchases, there are plenty of other business credit cards with great rewards on all travel or on everyday expenses like office supplies, cell phone providers, dining out, gas stations, and more. 

Some other business rewards cards also offer introductory 0% APRs — so you can use them to pay down your debt and then focus on earning rewards long-term.  

U.S. Bank Business Shield Visa Card pros

  • No annual fee: You won’t pay any annual fee to own this card. 

  • 0% APR introductory period: The U.S. Bank Business Shield is competitive among other 0% APR business cards with no annual fee. It has a long intro period and offers a 0% APR on both balance transfers and new purchases.

  • $50 annual statement credit: If you can book your business travel through the U.S. Bank Travel Center, you can benefit from this card’s $50 statement credit after you spend $5,000 on eligible prepaid trips each year. 

U.S. Bank Business Shield Visa Card cons

  • Limited rewards: You won’t get many long-term rewards on your spending with the U.S. Bank Business Shield card. The only rewards category offered is 5% cash back on prepaid travel through the U.S. Bank Travel Center. If you want to earn rewards on business travel, this could limit your booking options.

  • No welcome bonus: You can benefit from this card’s 0% APR as a new cardholder, but you won’t be able to earn any bonus cash via a welcome bonus offer. Plenty of other business cash-back cards with 0% APRs have welcome bonuses. 

  • Balance transfer fee: Many 0% APR cards charge fees for balance transfers. With this card, you’ll pay the greater of 5% of your transferred balance or $5.

Where can you use the U.S. Bank Business Shield Visa Card?

As a Visa card, the U.S. Bank Business Shield can be used anywhere Visa is accepted online or in-store. Visa is one of the largest and most widely-accepted card networks in the world, so you shouldn’t have a problem using it for your business spending.

However, this card does charge foreign transaction fees. You’ll pay an extra 3% fee on top of your purchase when you use it abroad. If your business frequently takes you on international trips, look instead for a card with no foreign transaction fees.  

How to make a U.S. Bank Business Shield Visa Card payment

  • Log into your online account or U.S. Bank’s mobile app to make a payment. You can use a central billing account to make one payment for all cards, including employee cards, on your account. 

  • Send payments by mail to: U.S. Bank P.O. Box 790408 St. Louis, MO 63179

U.S. Bank Business Shield Visa Card customer service info

  • Customer service is available 24/7

  • Phone number: 866-485-4545 or call the number on the back of your card

  • Chat online with a representative after logging into your account or mobile app from 8 am to 8 pm, Monday-Friday Central Time

  • Visit a U.S. Bank branch during business hours

  • U.S. Bank login page

Alternative cards to consider

The U.S. Bank Business Shield Visa has a great 0% APR offer for new cardholders. But if it’s not right for your business, here are some similar no-annual-fee cards to consider.

The American Express Blue Business Cash™ Card

  • Annual fee

    $0

  • Welcome offer

    Earn a $250 statement credit after you make $3,000 in purchases on your card in your first 3 months

  • Introductory Purchases APR

    0% on purchases for 12 months from date of account opening

  • Ongoing Purchases APR

    16.74% – 28.49% Variable

  • Rewards rate

    • 2% cash back on all eligible purchases on up to $50,000 per calendar year
    • 1% cash back on all eligible purchases after spending $50,000 per calendar year (cash back earned is automatically credited to your statement)

  • Benefits

    0% intro APR on purchases for 12 months from the date of account opening (then variable rate 16.74% – 28.49%, based on your creditworthiness and other factors as determined at the time of account opening; APRs will not exceed 29.99%)

Why we like it: The Amex Blue Business Cash card has an introductory APR for new purchases only. Combining that benefit with its cash welcome bonus could help you save significantly on a major upcoming purchase for your business. Long-term, you can use this card to earn a flat 2% cash back on everything you buy. You’ll only earn the full 2% on the first $50,000 spent annually, though. After that, every purchase earns 1% cash back. 

Ink Business Unlimited® Credit Card

  • Annual fee

    $0

  • Welcome offer

    Earn $1,000 bonus cash back after spending $8,000 in the first 4 months

  • Introductory Purchases APR

    0% Intro APR on Purchases for 12 Months

  • Ongoing Purchases APR

    16.74% – 24.74% Variable

  • Benefits

    • $0 annual fee
    • Generous intro APR on purchases
    • You won’t be held responsible for unauthorized charges made with your card or account information

Why we like it: With a valuable cash welcome bonus and an introductory APR on new purchases, the Ink Business Unlimited is another good option for financing a large business purchase. You’ll also earn long-term rewards with this card. Each purchase earns 1.5% cash back, with no cap on how much you can earn. 

Ink Business Cash® Credit Card

  • Annual fee

    $0

  • Welcome offer

    Earn $1,000 bonus cash back after spending $8,000 in the first 4 months

  • Introductory Purchases APR

    0% Intro APR on Purchases for 12 months

  • Ongoing Purchases APR

    16.74% – 24.74% Variable

  • Rewards rate

    • 5% cash back on the first $25,000 in combined spending at office supply stores and on internet, cable, and phone services each account anniversary year
    • 2% cash back on the first $25,000 in combined spending on dining and gas each account anniversary year
    • 1% cash back on all other purchases

  • Benefits

    • Get automatically checked for a credit line increase every 6 months or sooner
    • Set individual spending limits on employee cards and earn rewards even faster
    • Complimentary three-month lnstacart+ membership

Why we like it: The Ink Business Cash has a similarly solid intro APR period and cash welcome bonus, but its long-term rewards work a bit differently. First, get a great 5% cash back on up to $25,000 spent annually at office supply stores and on internet, cable, and phone services. You’ll also get 2% cash back on dining and gas purchases up to the same $25,000 cap. Outside of those categories, everything else earns 1% cash back.

Editorial Disclosure: The information in this article has not been reviewed or approved by any advertiser. All opinions belong solely to Yahoo Finance and are not those of any other entity. The details on financial products, including card rates and fees, are accurate as of the publish date. All products or services are presented without warranty. Check the bank’s website for the most current information. This site doesn’t include all currently available offers. Credit score alone does not guarantee or imply approval for any financial product.



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Alex Jones no longer on-the-hook for $50 million owed to Sandy Hook families

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moneyvests
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Alex Jones no longer on-the-hook for $50 million owed to Sandy Hook families

A Texas court on Friday slashed a $50 million judgment that conspiracy theorist Alex Jones was ordered to pay families of the 2012 Sandy Hook Elementary School massacre over his false claims that one of the deadliest mass shootings in U.S. history was a hoax.

The Infowars founder can only be forced to pay about $6 million, the Texas Third Court of Appeals ruled in a unanimous opinion, citing state laws that limit lawsuit damages.

The ruling does not affect a separate $1.25 billion judgment against Jones in Connecticut, where he was also found liable for defaming and causing emotional distress to relatives of the 20 first-graders and six educators killed in the Newtown shooting.

The punishing financial verdicts against Jones and his company, Free Speech Systems, in recent years have forced him into bankruptcy, led to some of his personal property being put up for auction and led to him leaving his Infowars platform. For decades, he used the platform to push conspiracy theories about the United Nations, the federal government, gun control and more.

Sandy Hook families have yet to collect any money from Jones, who has waged lengthy appeals in state and bankruptcy courts as his company faces liquidation. He remains on air after moving onto new websites and streaming platforms.

Friday’s ruling did not throw out the trial court’s finding of defamation against Jones. Still, he called it “a gigantic victory for the First Amendment,” and said he will continue to appeal the case to the state Supreme Court to get the remaining damages thrown out.

“I got lawyers who are good constitutional lawyers and they are not backing down,” Jones said.

Jones has already tried to appeal the Connecticut judgment to the U.S. Supreme Court but was denied last year.

The decision by the Texas Third Court of Appeals left intact more than $4.1 million in compensatory damages awarded by a jury to Sandy Hook parents Neil Heslin and Scarlett Lewis for defamation and emotional distress. But it slashed more than $45 million in additional punitive damages down to $1.5 million to comply with the state’s $750,000 cap for each plaintiff.

The court found Heslin and Lewis did not show evidence that the harassment following Jones’ hoax claims rose to a level that would allow them to exceed the cap. It also said the trial judge improperly allowed the parents to seek higher damages after trial.

Mark Bankston, an attorney for Heslin and Lewis in the Texas lawsuit, shrugged off the appeals court ruling as “irrelevant” given that Jones still faces massive financial judgments in Connecticut.

“The families care not at all about this irrelevant ruling which affects only two of the 19 claims they all share. Jones still faces over a billion dollars of liability, so this changes absolutely nothing. All it does is highlight the absurdity of Texas law,” Bankston said.

Newtown families harassed as Jones claimed the massacre was a hoax

Heslin and Lewis’s 6-year-old son Jesse Lewis was among those killed in the Sandy Hook attack. Their lawsuit against Jones and the 2022 verdict marked the first time he was held financially liable for peddling lies about the massacre, claiming it was faked by the government to tighten gun laws.

Jones portrayed the lawsuit as an attack on his First Amendment rights, but conceded during the trial that the shootings were “100% real” and that he was wrong to have lied about them.

At the Texas and Connecticut trials, victims’ relatives testified that Jones’ followers — believing his claims that the shooting didn’t happen — subjected them to death and rape threats, in-person harassment and abusive comments on social media. Jones argued there was no proof that linked him to those actions.

Heslin and Lewis told jurors that an apology wouldn’t suffice and initially called on them to make Jones pay more than $150 million for the years of suffering he has put them and other Sandy Hook families through.

Almost immediately after the punitive damages in Texas were announced, Jones’ trial attorney predicted the award would be reduced to $1.5 million on appeal.

Christopher Mattei, a lawyer for the Sandy Hook families in the Connecticut lawsuit, said Friday’s ruling has no bearing on the ongoing lower court proceedings in Texas involving the liquidation of Infowars’ parent company.

The Onion steps in to mock Jones and help frustrated families

Jones and his company have filed for bankruptcy, and those legal proceedings continue. The satirical website The Onion also moved to take over Jones’ Infowars platforms and turn his bullhorn of conspiracy theories into parody sites.

Jones gave up the Infowars brand in April and moved to a new location, switching his shows to new websites and posting them on his personal X account. The Onion, meanwhile, has set up its own Infowars webpage on its website, running videos of shows parodying Jones.

A proposed licensing deal that would give The Onion temporary authority to use Infowars’ trademarks, copyrights and intellectual property has been put on hold because the liquidation proceedings have been stayed during Jones’ appeals.

In November 2024, the Chicago-based satirical outlet was named the winner of a bankruptcy court auction of the assets of Infowars’ parent company, Free Speech Systems, aimed at helping pay some of the defamation judgments. A federal judge overturned the auction results, citing problems with the process and The Onion’s bid.

___ This story has been corrected to show that Jones is still liable for $4.1 million in compensatory damages in addition to $1.5 million in punitive damages.

___ Dave Collins contributed from Hartford, Connecticut.



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HOOD stock surges 14% as crypto and prediction markets take centre stage

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moneyvests
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HOOD stock surges 14% as crypto and prediction markets take centre stage


Robinhood shares jumped by nearly 14% on Friday as the crypto market recovery reached companies that had a substantial exposure to digital assets.

HOOD traded at $108.31 after reaching $109.71 during the session. The rally also arrived amidst Washington’s fresh attention on crypto regulation and prediction markets, with the two being the growing parts of Robinhood’s business.

Crypto rally lifts Robinhood shares

Bitcoin and other major cryptocurrencies continued gaining in price after President Donald Trump renewed his call for Congress to pass digital-asset market legislation.

The push has improved sentiment around businesses that could benefit from clearer US rules, and Robinhood is one of them. It earns revenue when customers trade cryptocurrencies, making stronger prices and increasing market activity, which is favorable for the company.

But Washington’s attention has not stopped at crypto.

The Commodity Futures Trading Commission discussed digital assets and prediction markets during its inaugural Innovation Advisory Committee meeting on August 20.

The Chairman Michael Selig said the agency could begin creating a crypto-market framework through the power it already holds if legislation doesn’t progress in Congress.

Those comments did not introduce rules specifically for Robinhood, but they will affect the two markets in which the company has been expanding quickly.

Prediction markets add another growth route

Robinhood customers traded 6.1 billion event contracts in July, which is 20x the volume recorded a year earlier.

The company’s wider operating figures were also mixed but a continued annual growth could be seen, with funded customers increasing 7% to 28.5 million, while platform assets increased 19% to $355 billion.

Margin balances climbed 82% from a year earlier to $20.7 billion, but platform assets fell 4% compared with June.

The company has continued to expand its crypto reach, shown by the recent launch of crypto trading for UK customers through Bitstamp’s British operation on August 10.

HOOD returns to the $110 area

With Friday’s rise, HOOD was back above $100 and towards $110, and this was supported by heavier trading activity.

The $110 area previously attracted sellers, and this makes it the next test for the price recovery, and a move beyond it could be a path towards the July range between $115 and $120. But if the advance fades, holding $100 would help preserve the improvement. 

HOOD stock daily price chart
Source: TradingView

It had not become too stretched as of this writing, and this leaves room for buyers to challenge $110.

Final Summary

  • HOOD gained nearly 14% as shares linked with crypto rallied with the crypto market.
  • Robinhood’s fast-growing prediction-market business links it to the recent US regulatory discussions.

 



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Best CD rates today, Friday, August 21, 2026: Up to 4.35% APY return available to boost savings

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moneyvests
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Best CD rates today, Friday, June 19, 2026: Up to 4.20% APY return


See which banks are currently paying the highest CD rates. If you’re looking for a secure place to store your savings, a certificate of deposit (CD) may be a great choice. These accounts often provide higher interest rates than traditional checking and savings accounts. However, CD rates can vary widely. Learn more about CD rates today and where to find high-yield CDs with the best rates available.

Banks with the best CD rates right now

Today’s CD rates vary quite a bit. In general, however, CD rates have been declining for quite some time due to the Fed’s decision to cut its benchmark rate three times in the latter part of 2024 and three times in 2025. Even so, with the Fed leaving rates unchanged so far in 2026, some banks are still offering competitive CD rates.

For institutions offering competitive rates, top rates reach about 4% APY. This is especially true for shorter terms of one year or less. 

Today, Friday, August 21, 2026, the highest CD rate is 4.35%. This rate is offered by Sallie Mae on its 3-year CD.

Here is a look at some of the best CD rates available today from our verified partners:

Compare these rates to the national average as of July 2026 (the most recent data available from the FDIC):

Compared with today’s top CD rates, national averages are much lower. This highlights the importance of shopping around for the best CD rates before opening an account.

Why do online banks have the best CD rates?

Online banks and neobanks are financial institutions that operate solely via the web. That means they have lower overhead costs than traditional brick-and-mortar banks. As a result, they’re able to pass those savings on to their customers in the form of higher interest rates on deposit accounts (including CDs) and lower fees. If you’re looking for the best CD rates available today, an online bank is a great place to start.

However, online banks aren’t the only financial institutions offering competitive CD rates. It’s also worth checking with credit unions. As not-for-profit financial cooperatives, credit unions return their profits to customers, who are also member-owners. Although many credit unions have strict membership requirements that are limited to those who belong to certain associations or work or live in certain areas, there are also several credit unions that just about anyone can join.

Should you open a CD?

Whether or not you should put your money in a CD depends on your savings goals. CDs are considered a safe and stable savings vehicle — they don’t lose money (in most cases), are backed by federal insurance, and allow you to lock in today’s best rates.

However, there are some drawbacks to consider. First, you must keep your money on deposit for the full term; otherwise, you’ll be subject to an early withdrawal penalty. If you want flexible access to your funds, a high-yield savings account or money market account might be a better choice.

Additionally, although today’s CD rates are high by historical standards, they don’t match the returns you could achieve by investing your money in the market. If you’re saving for a long-term goal such as retirement, a CD won’t provide the growth you need to reach your savings goal within a reasonable time frame.

Read more: Short- or long-term CD: Which is best for you?



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AT&T stands to gain as Verizon loses a customer related battle

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AT&T stands to gain as Verizon loses a customer related battle


Both AT&T and Verizon sold their customers’ real-time location data to aggregators who resold it to almost anyone willing to pay. Both got fined. Both fought back. One of them just ran out of road.

On Aug. 17, the Supreme Court denied Verizon’s petition to recover the $47 million it paid the Federal Communications Commission (FCC) over the sale of customer location data, ending the carrier’s effort without explanation, according to QZ.

AT&T is in a different position. Its case took a different procedural path and it still has a live shot at recovering the $57 million it paid. That gap matters, and it didn’t happen by accident.

Verizon’s FCC $47M location data fine

The fines go back to April 2024, when the FCC penalized four carriers a combined $196 million for selling customers’ location data to aggregators without meaningful consent.

T-Mobile was hit hardest at $80 million. AT&T paid $57 million. Verizon paid $47 million. Sprint paid $12 million.

The carriers didn’t just pay and move on. They paid under protest and went to court arguing the FCC’s enforcement process violated their Seventh Amendment right to a jury trial.

The agency, they said, acted as judge and jury by imposing penalties through an administrative process rather than taking them to court.

More Verizon:

The Supreme Court ruled 8-1 against the carriers on that argument in June. The majority held that the carriers weren’t denied a jury trial because they could have refused to pay and forced the government to sue them, at which point they could have demanded a jury.

Justice Clarence Thomas was the lone dissenter, writing that the carriers paid in good faith believing payment was mandatory and deserved to be made whole.

After losing that argument, Verizon filed an additional petition arguing the FCC had mischaracterized the nature of its forfeiture order to induce payment, then changed its position before the Supreme Court. The justices denied that petition without comment.

Verizon has no further options in this fight, according to The Next Web.

Why AT&T still has a path to recover its $57M

AT&T’s case went through the Fifth Circuit rather than the Second Circuit, and that procedural difference is everything.

The Fifth Circuit initially sided with AT&T and vacated the fine. The Supreme Court reversed that decision and sent the case back down. But in doing so, it left open the question of whether AT&T was misled into paying.



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Can Ethena sustain its 41% gain? If not, what’s next for ENA?

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Can Ethena sustain its 41% gain? If not, what’s next for ENA?


Amid a broader market recovery, Ethena [ENA] broke out of a multi-month descending channel.

The altcoin reclaimed $0.10 and reached a seven-month high of $0.144. At press time, ENA traded near $0.132 after surging 41% on the daily chart.

Over the same period, Trading Volume jumped 267% to $363 million. Market Capitalization also increased 40% to $1.2 billion. These increases reflected stronger market activity and fresh capital entering ENA. The rally also triggered a Short Squeeze, forcing bearish traders from the market.

Ethena liquidation
Source: CoinGlass

According to CoinGlass, the rebound liquidated $4.2 million worth of Short Positions.

Some traders likely covered their positions, while others may have flipped long as ENA continued rising. That scramble strengthened buying pressure and contributed to further liquidations.

Ethena derivatives Ethena derivatives
Source: CoinGlass

In fact, Derivatives Volume rose 269%, while Open Interest climbed 67% to $390 million. The rising Open Interest showed that traders opened additional positions during the rally.

Meanwhile, the Long/Short Ratio reached 1.04, indicating a slight preference for Long Positions.

Are ENA buyers returning?

As futures traders exited Short Positions, Spot investors and whales accumulated Ethena [ENA]. According to CoinGlass, ENA’s Spot Netflow remained negative for two consecutive days.

Ethena spot netflowEthena spot netflow
Source: CoinGlass

Previously, Spot Netflow had remained positive for three consecutive days. At press time, Spot Netflow stood at -$2.3 million, compared with -$4.4 million the previous day.

The negative reading indicated that more ENA left exchanges than entered them, reducing immediately available supply.

Some of this accumulation came from whales. According to vxDrophunter, one whale withdrew 5.822 million ENA from Bybit. The withdrawal during an uptrend suggested confidence in ENA’s market prospects.

Historically, strong demand has supported ENA’s price. However, the latest rally had already stretched momentum considerably.

Can Ethena reach $0.20?

Ethena’s upside momentum remained strong as buyers dominated the market. The Bulls v Bears indicator reached a yearly high of 100.

ENA RSI & BvBENA RSI & BvB
Source: TradingView

At this elevated level, the indicator showed overwhelming bullish control. The Relative Strength Index [RSI] supported that reading after entering overbought territory.

Together, both indicators favored trend continuation. However, overbought conditions could also increase the risk of a short-term pullback. If demand holds, ENA could reclaim $0.17 before attempting a move above $0.20.

Final Summary

  • Ethena surges 41% as bears pay the price, but can ENA hold?
  • Open Interest climbed 67% to $390 million as traders entered new positions.



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