The pullback still needs to be pushed through

Recently, I've been watching the market closely, and this wave of rebound in the crypto market is indeed quite interesting. Bitcoin has stabilized above 93,000 USD, and options traders are already targeting 100,000 USD. Isn't this a clear market signal?

Delving into the details of the order book reveals some insights. Unlike before, this time it's not just Meme tokens dominating; funds are clearly flowing into AI-related projects. RENDER surged by 20%, and Sui and XRP also followed suit, with gains in the 10-15% range. This sector rotation is mostly the market digesting the early downturn and gradually re-evaluating projects with practical use cases.

But on the other hand, despite the steady rebound, there are still considerable risks. In the past two trading days, net inflows into Bitcoin ETFs exceeded $1 billion, and the optimistic sentiment from the US stock AI sector has also spread. The Federal Reserve injected $3.8 billion in liquidity, all of which seems to be fueling the rally. However, uncertainties remain—geopolitical tensions, non-farm payroll data, and other news can change the market rhythm at any time. Solana is still in a volatile zone and hasn't broken out yet.

Here's an even more interesting observation. As the crypto market shifts from pure Meme speculation to focusing on practical sectors, this differentiation is actually a reminder: don’t just chase hot topics; you need to look at the long-term value of projects. At the same time, I see some in this ecosystem doing educational and charitable work, such as helping children in impoverished areas learn English for free through learning platforms, impacting over ten thousand people. This shows that the rebound in the crypto market can also carry a sense of social responsibility.

What are your thoughts on this wave of market activity?