ENJ surged 40.4% in 24 hours: Driven by trading volume spike and futures open interest expansion
Bitget Pulse2026/04/12 12:07Volatility Overview
In the past 24 hours, ENJ price rebounded from a low of $0.02849 to a high/current price of $0.03999, with a fluctuation range of 40.4%. Trading volume increased significantly, with spot volume around $64 million and futures reaching $156 million; open interest is $44.27 million and liquidation volume is $347,200.
Brief Analysis of the Unusual Move
• Futures trading volume and open interest surged: 24-hour futures trading volume reached $156 million, open interest expanded to $44.27 million, and liquidations were mainly on the long side, continuing a short squeeze effect.
• On-chain activity increased: Wallet activity surged, reflecting capital inflows to the Enjin ecosystem supporting NFT minting and cross-chain transfers.
Market Views and Outlook
Market sentiment is mostly bullish, with the community optimistic about the Enjin gaming NFT ecosystem (such as Multiverse events, Hyperbridge integration, and Sentosa upgrades). According to Coingecko, 88% show bullish sentiment; analysts caution about overheating positions and potential pullback risks, but if ENJ breaks $0.04, it may continue to rally toward $0.045.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring, for informational purposes only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
All Eyes on Walsh: Will the "Central Bank Super Week" See a G7 Rate Hike Wave Next Week?
Amid rising inflation, geopolitical conflicts, and oil prices surpassing $100, G7 central banks are entering a crucial rate-setting week. Driven by higher-than-expected core inflation, the Federal Reserve is expected to implement its first rate hike in three years; the Bank of Japan is likely to raise rates to 1.25%, marking a 30-year high; meanwhile, the Bank of England, the European Central Bank, and the Bank of Canada are also reinforcing their hawkish stances. Global monetary policy is undergoing a major turnaround towards collective tightening.
Uniswap processes $70.6 billion in 30-day DEX trades, outpacing rivals
Morgan Stanley’s $50.6M BTC buying shields market – But rally to $82K has THIS hurdle
Will the Fed "continue raising interest rates"? Will the "tightening cycle" of the late 1980s be repeated?
The Citi report points out that the current macro environment is highly similar to the tightening cycle of 1988-1989, when the economy remained resilient and inflation pressures gradually accumulated, followed by a slowdown in economic activity before policies shifted to easing. During that tightening cycle, the Federal Reserve raised interest rates 16 times in a row.
Crypto prices
More
