Bitcoin has been rising continuously these past couple of days, and there are voices in the market suggesting that large funds are changing hands around the $87,000 to $88,000 level. Meanwhile, meme coins like PEPE are nearly doubling in a single day.

From a short-term perspective, the selling pressure accumulated from the previous decline has almost been digested. The market is gradually stabilizing from its slump, laying the groundwork for a full rebound.

But honestly, this upward movement is mainly a natural rebound after a significant drop. It’s not driven by a large influx of capital pushing prices up artificially; rather, it’s more of a corrective recovery, lacking genuine fundamental support. In this kind of market, chasing high is increasingly risky, and the risk-reward ratio is becoming less favorable.

Interestingly, some altcoins are already seeing funds testing the waters. A few established meme coins are leading the rebound. As long as Bitcoin doesn’t experience a major drop, this rebound enthusiasm will gradually spread to other tokens. However, you need to understand that this market behavior is essentially a game of capital, mainly providing opportunities for big players to reposition. For many altcoins, this might be the last wave of this cycle. So again, don’t blindly chase after meme coins that have already surged; instead, look for those that haven’t yet risen but have potential for a rebound.

According to the usual market rhythm, after the meme sector completes its rally, funds will shift to other sectors for the next leg of growth, allowing the market to sustain itself. Otherwise, it would just be a one-sector rally—no crash, but no real upward movement either, like a dead cat bounce.

What’s next? It’s best to observe more and act less. After this meme wave, funds are likely to move into AI or staking sectors. Recently, it’s been observed that the amount of ETH deposited into Ethereum staking far exceeds the amount looking to exit.