Observing exchange inflow data, ethena ena price forecast 2025 suggests reduced sell pressure, implying sustained upward bias across the first half of the year. On Binance, the BTC-USDT perpetual order book heatmap reveals the next significant supply zone is at $96.2K, with ask orders totaling 321 BTC. Additionally, liquidation heatmaps show clusters around $96K, suggesting a potential magnet for price action, with liquidation pockets of $58M, $42.7M and $56.1M. Ethena (ENA) edges higher by 1% at press time on Wednesday, extending the weekly gains to 9% so far. The technical and derivative outlook suggests a bullish bias, while the upcoming 171 million ENA unlock bears a potential supply dump risk. Macro correlation charts indicate ethena ena price forecast 2025 may benefit from an ETH bull run, with projected positive beta values supporting a $0.59 target.