A well-known analyst is cautioning those who are negative about cryptocurrency, warning them that their opportunity to push the market to lower levels is running out.

The pseudonymous analyst, known as the Flow Horse, shared with his 220,100 followers on the social media platform X that he is optimistic about the Solana (SOL)-based meme token dogwifhat (WIF).

The analyst believes that WIF is one of the fastest-growing memes in the cryptocurrency sector and anticipates that it will continue to demonstrate strong performance until the end of the bullish market.

“Re-purchasing WIF. If you claim to no longer have confidence in the most robust memes, it implies that you believe the group of market participants has changed or their preferences have shifted. It is highly unlikely. What is more probable is that it will persist until the end of the cycle,” the analyst stated.

Additionally, the crypto strategist noted that while numerous memecoins have been introduced this year, he is of the opinion that traders will always be drawn to those that are exceptional.

“Unfortunately, there is certainly a great deal of dilution, as creating a meme now involves minimal resistance. However, capital continues to choose its favorites,” he added.

At the time of writing, WIF is valued at $2.30, representing an increase of over 14% in the last 24 hours.

Regarding the broader digital asset market, the Flow Horse suggested that crypto bears are vulnerable to a short squeeze after altcoins surged last week while Bitcoin remained steady at $60,000.

A short squeeze occurs when traders who borrow an asset at a certain price in the hopes of selling it at a lower price to pocket the difference are compelled to repurchase the assets they borrowed as momentum moves against them, leading to further price hikes.

The analyst stated, “Altcoins did not exceed Bitcoin in the last downturn. Many people are long short BTC/ALTs. The clock is ticking for bears before another squeeze occurs.”

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