The Bitcoin ecosystem, as the only narrative with technological innovation in this cycle, will definitely not miss the explosive bull market. After 7 months of hibernation and accumulation, it has gathered enough strength.

Looking at every bull market in history, they are all asset bubbles driven by capital.

---- The larger the numerator of capital, the smaller the denominator of assets, the more severe the asset inflation, and the more obvious the bull market effect.

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

Currently, the total assets of the entire Bitcoin ecosystem are less than 10 billion, which is less than 0.5% of the BTC market value.

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

At present, the story and innovation of the Bitcoin ecosystem are far from over. A large number of technologically innovative projects are on the way, such as BTCfi, L2, and the DeFi of Runes, etc. The Bitcoin ecosystem still has too many narratives waiting to be explored. #AVA突破3美元 #SUI再创新高 #BTC重回关键位置后走势 #VELODROME将上线币安 #纳斯达克100指数宣布纳入微策略