The recent market rebound has become very evident, ETH has stood up, and exchanges are also daring to move their own platform tokens. BNB has been pushed to 860, OKB surged to 145, and this kind of action is essentially preparing for subsequent selling.

From the narrative perspective, mainstream coins have gone through several plots this round. Bitcoin has told stories of ETFs, national reserves, and the U.S. asset side; its current role seems more like 'stabilizing and continuously attracting capital.' SOL has experienced a revival and meme frenzy, but whether it can break new highs in a third wave is still uncertain. After two rounds of speculation, the market is watching whether BNB can ignite the final emotional push to 1000 or even higher. OKB has suddenly changed its narrative, cutting out the new listing function, transforming into public chain fuel, and along with aggressive price increases, forcibly creating a new story.

ETH is replicating Bitcoin's path: attracting external capital through the ETF narrative and effectively articulating 'asset on-chain.' Many people got off the bus early to invest in SOL, but institutions are still buying, and inertia could very likely push it to 5000. Once market sentiment is fully ignited, the call for 10,000 dollars will also be shouted, and at that time, uninformed retail investors will surely take over, and in the end, institutions will naturally cash out at high levels.

Overall, the exchanges taking the lead in price increases and various narratives being repeatedly performed already indicate that the market is nearing the peak of a bull market. The next likelihood is that various coins will be successively pushed higher, stories told more vigorously, and outside capital will be attracted in batches. Once the manipulators successfully offload their chips, the market will reach its peak, followed by the familiar stages of decline and consumption.

The conclusion is simple: most mainstream coins are in a buildup phase now, and the manipulators are preparing to pull a wave and sell to those destined to receive it.