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BTC consolidation may not be a bad thing for the Bitcoin ecosystem:
1⃣️April-May 2023, when BTC was just under 30,000, was the startup period of the Bitcoin ecosystem
2⃣️BTC reaching 80,000 was the craziest time for the Bitcoin ecosystem, with a total market cap exceeding 10 billion USD
3⃣️Conversely, when BTC hit 110,000, the Bitcoin ecosystem was cooling down
4⃣️When things reach extremes, big shocks in BTC will cause other bullish traders, snakes, and gods to lose interest
5⃣️Before the emergence of blockbuster blockchain applications, all coins and chains were just value spillovers from BTC
PS: It's time to reflect on the true value of Bitcoin and its ecosystem
#btc #bitcoin