$ENA Short-term Risk Warning

1. Token Unlock Selling Pressure

Today (August 5), $103 million ENA will be unlocked, which is a relatively high proportion of the circulating supply and may trigger short-term selling.

Historically, similar unlocking events are often accompanied by a 5-10% pullback (refer to the brief decline of ENA after the team address transferred coins to the exchange on July 26).

2. Market Sentiment Under Pressure

If Bitcoin falls below the support level of $111,187, it may lead to a general pullback in altcoins.

The total market capitalization of cryptocurrencies needs to hold the critical support of $3.61 trillion; otherwise, it may disrupt the recovery trend.

3. Divergence in Trading Volume

During the rise of ENA, the trading volume has not significantly increased; if it cannot maintain increasing volume, the range of 0.62-0.63 may experience repeated fluctuations.