BTC has reached a new high, reaching the 110000 mark. In the past, new highs were historic moments and very exciting. Now that I've been scrolling through Twitter, everyone seems to think it's normal. BTC is no longer the BTC it was two years ago, it has now turned positive. Instead of BTC, it is still the same non BTC as before, and it has not even undergone iterative updates and is still cooking cold rice. The preference for shanzhai still requires high liquidity, including ETH. To be honest, it's not that I don't want to shout 'shanzhai' and see an immediate surge, but I really can't say it out loud. As per the post by Guilin Brother @ Guilin_Chen_: https://(x.com)/Guilin_Chen_/status/1925338852040077800. This wave of big pie rise also reflects that the understanding path of external funds towards Crypto is still stuck at the stage of "Bitcoin=Crypto". They only dare to touch things they can understand, and Bitcoin is the only exposure they can explain to LPs. Even ETH is almost meaningless. On the other hand, in the case of shanzhai, apart from liquidity, if there is any current track narrative that can make these people think, 'Oh, I can understand this section too,' then they are naturally willing to vote with real money. But not now. The only possibility left is mainstream infrastructure. Perhaps we need to embark on a new narrative ecology like the 'DEFI Summer' of the past 20 years.