🚨 A piece of data: The ETH/BTC exchange rate has dropped to its lowest level since December 2019 —

Current market confidence in $ETH is under short-term pressure, with institutional liquidity favoring Bitcoin, delays in Ethereum network upgrades, and the withdrawal of leveraged funds further suppressing Ethereum's relative performance.

I believe that Ethereum, as the core infrastructure of DeFi and cross-chain ecosystems, still has no fundamental issues; it continues to outperform many public chains.

The only problem is that the narratives that supported the last bull market, such as DeFi and NFTs, have lost their heat, while the current hot topics (AI, RWA, Meme) are mainly dominated by chains like Solana.

Being too closely tied to old money, when expectations cool down and the economy tightens, everyone tends to set it aside. Market sentiment and the economic environment won't change immediately; this exchange rate may remain sluggish for a while.

This situation is quite awkward; those wanting to buy the dip find it hard to act, and those going long on the exchange rate are running out of chips, leaving everyone feeling frustrated. 😂

So how should we operate now? The comment section is open for you to fire away —

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