Bitcoin is about to break 100,000; recently, a considerable amount of long and short positions have accumulated, if Bitcoin surges to 109,000, it could wipe out 2.8 billion shorts.

If there’s a major crash, dropping to 85,000 could wipe out over 4.5 billion long positions; this means that tonight, if the whale takes significant action, one side, either the longs or the shorts, will surely be wiped out!

Currently, Bitcoin's market share is around 60%.

Based on past bull and bear market experiences, about 60%-70% will see phenomenal products that dilute Bitcoin's market share.

Such as the previous Ethereum DeFi, NFTs, etc.

Looking back at the previous bull and bear markets and Bitcoin's market share.

2017 Bull Market

Bull Market (2016-2017): Bitcoin's market share sharply dropped from 80%-90% to 30%-40%.

Reason: The rise of mainstream projects like Ethereum (ETH) and the ICO (Initial Coin Offering) wave has driven a surge in numerous altcoins.

Bear Market (2018): The altcoin bubble burst, funds flowed back to Bitcoin, and Bitcoin's market share gradually rose to 60%-70%.

2020-2021 Bull Market

Bull Market (2020-2021): Bitcoin's market share started at around 70%, but with the explosion of DeFi, NFTs, etc., it fell to 40%-50%. Altcoins like BNB, SOL, ADA, and DOT rose, taking a significant market share.

Bear Market (2022): As the market corrected, Bitcoin's market share rose back to 40%-50%. The market trend is becoming conservative, with funds flowing back into mainstream assets like Bitcoin and Ethereum.

Current (2023-2024)

Bitcoin's market share fluctuates between 40%-60%.

Everyone can leave a message about which phenomenal product they think will emerge in this bull market!

I've thought about it, but I haven’t actually found such products in the current market.

If I have to say, it’s RWA, the on-chain transformation of traditional assets.

Don’t rush to criticize; indeed, RWA still has a long way to go based on the current situation.

First, let me state my reasons; the first is market trends.

Secondly, RWA represents real-world assets.

These assets are deeply rooted in real economic activities. Unlike traditional financial assets such as stocks and bonds, the value of RWA has a more solid and intuitive physical foundation. It covers a wide range of real economic sectors, from real estate and infrastructure to receivables, commodities, etc. These assets are transformed into tradable forms in financial markets through specific financial means, such as securitization and tokenization, allowing investors to participate.

Moreover, RWA assets come in various forms.

In real estate, there are residential and commercial properties that can be realized through REITs. Infrastructure includes the securitization of toll rights for highways, airports, etc. Corporate receivables are one way to be packaged and securitized. Commodities such as gold ETFs. There’s also the securitization of intangible assets like intellectual property and agricultural project income rights.

From the recent layout of RWA by several international financial institutions,

I predict that RWA will pilot in some small financial countries and regions in the future, some seeking financial reform, others seeking asset liquidity, thus achieving a link between the real world and the digital world!

How vast is its imaginative space? What is the market space? We need to imagine this together!#比特币突破10万？ $BTC