🚨 One data: ETH/BTC exchange rate has dropped to its lowest level since December 2019—— The current market's confidence in ETH is under short-term pressure, with institutional liquidity leaning towards Bitcoin, delayed upgrades to the Ethereum network, and 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 and continues to outperform many public chains to this day. The only problem is that the narrative heat of DeFi, NFT and other technologies relied on in the last bull market has faded, while the current hotspots (AI, RWA, Meme) are mostly dominated by chains such as Solana. Tied too tightly to old money, when expectations cool down and the economy tightens, everyone sets it aside for now. The market sentiment and economic environment will not change immediately, and the exchange rate may remain sluggish for a while. Just this point is very awkward. Those who want to buy at the bottom can't get their hands on it, and those who buy long on exchange rates have fewer chips. It's frustrating. 😂 So how should we proceed now? Leave the comment section to you to open fire——