During the 30-day consolidation period when Bitcoin was stuck in the $85k-$95k range, PEPE surged by 81% against the trend. This reflects an interesting phenomenon: when BTC is sideways, on-chain funds are not idle but continue to seek incremental opportunities. Data shows that during this period, 17 daily K-lines closed between $86k-$90k, and the 30-day volatility hit a record low of 2.24%, indicating extreme calmness. However, such deadlock often contains a turning point—once Bitcoin breaks through any of the key levels, rotation will reverse explosively. At that time, the previously flowing incremental capital into other tokens is likely to accelerate its return.