The cryptocurrency market experienced a significant rebound over the weekend, driven by widespread short covering that boosted major altcoins like Solana (SOL), Dogecoin (DOGE), and XRP. Data from CoinGlass revealed that nearly $260 million in short positions were liquidated, contributing to total 24-hour liquidations of $345 million. This activity pushed the overall market capitalization to approximately $2.23 trillion, indicating a resurgence in bullish sentiment. Top cryptocurrencies, including SOL, DOGE, ADA, ETH, and XRP, saw gains of 3–4% as traders reallocated capital. Analysts predict that the fourth quarter could see heightened interest in Layer 2 solutions, AI-related tokens, and staking derivatives, while projects without strong narratives may struggle to gain traction.