A significant liquidation occurred for $ENA with a short position valued at $45.1K being liquidated at a price of $0.501.

This event underscores the volatility within the market particularly for smaller alt coins like $ENA where sudden price fluctuations can trigger the liquidation of leveraged short positions.

As the price of ENA rises it forces short-sellers to close their positions which can contribute to further upward price movement.

Liquidation events like this can amplify market momentum signaling a shift in market sentiment or a potential reversal in price direction.