This wave of the crypto market is currently known as the "bull market where no one takes over": Institutions are operating in secret, telling the story of the chain in a coherent manner, with a valuation of up to 1 billion. Once listed on the exchange, they start unlocking and selling coins, but retail investors don't buy it.

BRC20 is issued fairly, and retail investors are hyping it up, but there is no time and space to attract big funds, and institutions will not take over.

The currencies supported by Binance are not listed on OKEx, and the currencies supported by OKEx are not listed on Binance. They are independent and look for their own thugs. Everyone has a bunch of projects in their hands, and exchanges will not take over. Eastern players are keen on inscriptions, and Western players are keen on DePin. Now the West has also started to play inscriptions and runes, and the East has started to engage in L2. The East and the West are also not taking over.

Everyone likes to chase the new and not the old. Old projects are difficult to support alone. New projects are not mature yet. Imitation projects emerge in an endless stream, and new and old projects are also not taking over.

The game in the market is all veterans, everyone is very smart, and those who stay are industry elites. #DAO治理 #BTC $XRP