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$SOL led the gains today, bouncing more than 3% in 24 hours, leaving $BTC and $ETH behind. Many people's first reaction was "catching up, chasing a bit," but I advise you to first understand why it is strong. Three points: First, its holdings increased by 7% against the trend today, indicating real new capital entering, not just circulating existing funds; second, in the recent day, the ratio of short positions liquidated was nearly four to one, short squeeze is the fuel for this move; third, it is one of the few major coins with bullish alignment across short, medium, and long-term cycles. The structure is indeed the smoothest. But the parabolic move caused by the short squeeze comes fast and goes fast—strong as it is, don't catch the last wave at the peak of the hype.