Divergent thinking on A/H shares derived from the Bitcoin ecosystem: rising in the east and falling in the west&not bright in the east and bright in the west? As an old player who has experienced a basic round of FOMO in the BTC ecosystem, I am actually thinking about this question ——The BRC20 and inscription era represented by ORDI in the previous round, with poor liquidity, centralization, and indexing risks, were not problems, but the same pattern has not been successfully replicated this year? Before going to bed, I was actually reflecting on the issues with the Odin platform. There were many things I couldn't figure out, so I brought them up and discussed them with experts. Due to the centralized deposit of funds on the platform, the platform's machine room chain, and the panic caused by front-end restrictions on withdrawals, the BTC stock on the Odin platform is currently only 58 BTC (5 USD), which means that 30 BTC of mobile funds are waiting to flow out. Overall, the platform has only attracted 5 USD of funds to settle. I don't completely think it's a bad thing for the inscription novice user to join, as there is a chance to recharge more and become an incremental user. Moreover, @ BobBodily is an ancient miner from Western CT (reportedly), and the probability of him being cheated during the platform's 8m recharge stage is not high now. The core point of suspicion at that time was whether there was a possibility of large-scale theft that led him unwilling to compensate. It is highly irrational to rely on the kindness and generosity of the wealthy to compensate and ensure one's financial security. But for BTC related projects that have been relatively discussed and controversial in the retail market over the past year, this data is not impressive. Since it has been said that the centralized indexing of ODI may seem like a problem, and these issues are not a problem in the face of wealth creation effects, the core issue is still the lack of new increments and sufficient liquidity to undertake them. At that time, during the off-site chip exchange stage, ODI conducted a deep washing of the market and traded it to people with faith and ability to compete. There were new additions outside the market, but now there are none. There were a large number of inscriptions on the wallet that Little White first encountered at that time, and indeed a large amount of new funds from the East entered the market. ORDI is definitely an absolute community coin without strong trading. In the stages of over 30 to over 90, it is mainly based on individual investors engaging in PVP with each other. At that time when it was 33+, what impressed me deeply was that everyone generally believed that Coinbase would not relay buying at that time. Most of the buying was probably composed of new increments in the national and regional markets. This is also a possible reason why FOMO broke through and fluctuated downwards during the decline after reaching its peak. From this point of view, the strong attraction of A-shares and Hong Kong shares to the main funds of countrymen shanzhai is extremely reasonable. Since the second half of last year, after the A/H-share FOMO, ORDI only rose from a low of 30 to a high of 48 during the small knockoff season from October to December, making it one of the worst performing coins in horizontal comparison. Narrative requires price performance and financial support. In the middle of last year, there was actually a group of speculative funds and even forex traders on the exchange. I guess the main reason why it is difficult for the Bitcoin ecosystem to FOMO again is that the main players in the East have left. As encrypted assets gradually enter the public eye, valuation is gradually returning to common sense. Currently, this seems to be the result, while the continuous flow of speculative capital in different capital markets may be due to. In summary, the stock market is rising in the east and falling in the west, while the currency market is not bright in the east and bright in the west. The funds of Eastern Power have been concentrated in the specialized and innovative Eastern Capital Market technology stocks and Eastern New Leaders, and the possibility of acquiring cryptocurrency assets is probably not high. The subscription amount of Mixue Ice City's financing has set a historical record in Hong Kong stocks and is basically catching up with ETH's FDV, which may indirectly prove the outflow of funds. The complete surrender of cryptocurrency funds to Trump series cryptocurrencies is the most core reason for the decline of Eastern narrative. This also explains why many recent Eastern narratives have caused a huge uproar in the Chinese speaking community. Several influential figures in the Chinese speaking area have not yet been followed by the main force, and individual investors have benefited greatly from Western narratives, without the driving force to take on the old Eastern narratives, and cannot withstand the huge selling orders after entering the university. The combined force of secondary liquidity in both the East and the West is focused on Trump based encrypted assets, with no other direction.