Does the ordi of the Bitcoin ecosystem have a chance to go back from 100 to 20?
In fact, if you look at the monthly line of ordi, you will understand that the Bitcoin ecosystem is a burst bubble, a false proposition. At the beginning, capital came in to hype it up and caused a huge fomo, and now it is still digesting the previous bubble. The so-called ecosystem is to issue a bunch of junk coins (personal opinion)
Of course, the Bitcoin ecosystem can blow up such a big bubble, mainly because it gives people too much imagination space. It really has too many stories to tell.
A narrative of issuing junk coins can blow up huge bubbles, so what about other narratives? I believe that the Bitcoin ecosystem will continue to roll forward, and there will be a burst point later, and it will reappear in the public eye, such as arc20, which introduces smart contracts in the first layer.
Now let us digest this bubble and wait for the next bubble.
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