The post Decoding Enso’s $11mln liquidation: Is 180% weekly surge sustainable? appeared on BitcoinEthereumNews.com.

Enso [ENSO] witnessed $11.67 million worth of positions liquidated in the futures market over the past 24 hours. CoinGlass data showed that 70.7% of these were short liquidations, revealing a massive short squeeze. Source: CoinGlass The liquidations were 4.82 times the 7-day average and were 1.30x the recent peak, noting extremes in the liquidation data. The token has rallied 38.3% in the past 24 hours and 180% over the past week. Its daily trading volume was up 170%, according to CoinMarketCap data. Source: Coinalyze The massive increase in Open Interest in recent days continued over the weekend, with the past 24 hours seeing a 70% increase. During the past two days, the spot CVD was moving sideways, a sign that the move was predominantly derivatives-driven. Is Enso overextended? Source: ENSO/USDT on TradingView In a post on X, cryptotrader Sardauna warned that traders should not buy Enso now since the market was overextended. The expected upward move might have concluded, or was nearly over, was the inference. The daily session was a fair distance from the $1.992 and $2.785 highs from late October. The previous daily session’s close above the $0.844 and $1.178 swing points from the downtrend suggested a trend shift for ENSO. Hence, though $2 was not breached during the current attempt, the overall bias for this timeframe should be bullish. Gauging the Enso pullback Source: ENSO/USDT on TradingView The $1.992 level was not defended for long and was retested as resistance in recent hours. Despite that, the 1-hour timeframe continued to have a bullish structure. To shift this bearishly, a move below $1.63 would need to commence. Further south, the $1.3, $1.06, and $0.72 levels were the nearby support levels. Traders’ call to action- Take profits Those traders already in profit should look to realize them. Traders waiting…

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Filed under: News - @ January 26, 2026 3:02 am