Can FLOKI and major memecoins offer early clues about Bitcoin's next price move?

The memecoin market, valued at $29.51 billion against a $2.3 trillion crypto market, is being examined as a potential early indicator for Bitcoin and altcoin trends. Recent analysis highlights a perfect positive correlation between FLOKI and Bitcoin, alongside rising memecoin trading volumes and a growing stablecoin supply of $306.1 billion, suggesting shifting risk appetite.