ENA had $32 million worth of tokens unlocked yesterday. Instead of crashing, the price continued to rise. This phenomenon seems strange, but it actually hides a market law — smart money always acts in advance.

Unlocking sounds like a bearish signal, but if the project has already undergone a substantial correction in the early stages, or if the fundamentals are solid enough, then the selling pressure has already been absorbed during the process. The smart money in the market has long identified the bottom and completed their positioning.

The fact that the price did not fall but rose on the same day directly indicates how solid the buying structure is. Look at those upward patterns on the charts; they didn't appear out of nowhere. They are the result of a fierce battle between bulls and bears, after which the capital forces finally reached a consensus. This is why structure and patterns are so important — they are a true reflection of the market's collective psychology and the most honest spokespersons of capital power.

Many people only look at whether a single event will cause a rally, but what truly influences long-term trends are supply and demand relationships and the underlying buying and selling structures. A good pattern means a good trend, indicating that the direction has already been set. A single unlocking event cannot fundamentally change that.