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QKC leads the altcoins in today’s surge from oversold rebound
The entire market is still in extreme fear, BTC is lying flat without movement. But QKC surged 17.8% in a single day— from 0.002 to 0.0024, with a volume of 100 million tokens.
This is uncommon. Most altcoins have already been hammered down to floor prices, ETH was liquidated with over 170 million longs yesterday, and the bearish force is almost exhausted.
With the chips cleaned out, naturally someone will pick them up.
Honestly, I haven't seen any fundamental drivers. The medium to long-term structure remains bearish, most likely just an oversold rebound + capital rotation.
If it were me, I wouldn’t chase a 17% daily increase.
If altcoins really have a trend, first see if ETH can hold steady.