#Bitcoin As the only narrative with technological innovation in this cycle, the ecosystem will definitely not miss the violent bull market. After 7 months of dormancy and precipitation, it has accumulated enough strength.

Throughout every bull market in history, it is an asset bubble driven by capital.

---- When the numerator of capital is larger and the denominator of assets is smaller, the inflation of assets will be more severe and the bull market effect will be more obvious.

This is particularly evident in the three bull markets of the Bitcoin ecosystem, because the asset pool of the Bitcoin ecosystem is shallower.

At present, the total assets of the entire Bitcoin ecosystem are less than 10 billion, less than 0.5% of the market value of BTC.

In comparison, the total market value of the ETH ecosystem exceeds 300 billion, reaching 66% of the total market value of ETH.

At present, the story and innovation of the Bitcoin ecosystem are far from over. A large number of technological innovation projects are still on the way, such as BTCfi, L2, Runes' defi, etc. There are too many narratives waiting to be explored in the Bitcoin ecosystem.

The current BTC ecosystem is still a baby, and there is still a long way to go!

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