This is the funding logic: when the index breaks 80,000, it confirms a bull market ⇒ Tier-1 meme breaks through 100M and lists on the exchange ⇒ the secondary market’s major coins start ⇒ and finally the funds overflow into alpha + contracts.

So recently, even if the whales/market makers haven’t accumulated enough, they still have to push the market up—especially for small-cap coins. Since the fund overflow is no longer allowed to let them control the market, if they don’t pump the price, it becomes everyone else’s.