QKC leads the market today with an oversold rebound

The entire market is still in a state of extreme fear, with BTC staying put and not moving. But QKC surged 17.8% in a single day—from 0.002 to 0.0024—on volume of 100 million tokens.
This doesn’t happen often. Most altcoins have already been smashed down to floor prices. Yesterday, ETH saw over 170 million longs liquidated, and the short-side force is basically all but spent. With the positioning washed clean, someone will naturally come along to pick it up.
To be honest, I don’t see any fundamental catalyst. The medium- to long-term structure is still bearish; it’s most likely just an oversold rebound plus capital rotation.
If I were in this position, I wouldn’t chase a 17% daily gain. If altcoins really have a setup, first check whether ETH can hold steady.