Many high valuation 2024-2025 token launches have come down -80% in most cases and are trading at much more "reasonable" levels. Even after this recent move.
On top of that I suspect there's a ton of shorts that have just been holding for months. A good part of those got squeezed out on this recent move but I'm sure there's still some fuel there.
If the market remains strong and keeps trending up, I think we can see a lot of these "VC Coins" keep squeezing. Wouldn't be the first time either. But it will be key to monitor what is strong during the cooling off periods.
Some coins simply squeezed shorts and I doubt they get a lot of spot bid. For those that do, focus on that strength.
Waiting for the higher lows to be made and then look for appropriate entries to add on risk is the plan.