Ethena's unrealized PNL exposure on Bybit has been reduced to zero, safe landing—— For @ ethena_1abs, this is a great risk test as they act quickly: Quickly clarified that Bybit's hedge position related PNL is only less than 30 million US dollars and has rapidly decreased, with USDe spot assets being held outside of CEX, So USDe prices are very stable! This is also the reason why ENA has been rising since last night!