Looking back at similar periods in history, extreme panic often signals that the market may be about to bottom out.

For example, in December 2018, when the index dropped to 11, Bitcoin rose by more than 30% in the following three months. Even more impressively, in March 2020, when the index fell to 9, it actually surged by 104% in the next three months.

For $Floki and other meme coins, this market environment is actually a double-edged sword. In the short term, these coins may face significant selling pressure due to panic sentiment. But from another perspective, it is precisely this extreme panic environment that often creates conditions for a strong rebound afterwards...