●In the 2013 bull market, mining machines were used. Quantity + quality (mining machines and mining cards) and cost (electricity charges) determined the status in the industry. ●In the 2017 bull market, ICO was used. Packaging (celebrity endorsement) and concept (blockchain +) determined the status in the industry. ●In the 2021 bull market, DeFi, meme, and NFT were used. The former (DeFi) was financially supported. The latter two (meme + NFT) had full cultural attributes. One was responsible for the stock, and the other was responsible for going out of the circle. The status in the industry was determined by the amount of funds (APY) and IP (spread). This round of bull market, it seems that no new gameplay has been seen yet. Perhaps playing inscriptions/playing on the chain is one? Can you guess what new narratives will be behind? #大盘走势 $BTC