The real question is not who is rising, but who is defining the future

Many people focus on the price:
How much has BTC fallen, how much has ETH risen.
But a more important question is:
Who is shaping the future of this market?
The explosion of tokenized gold indicates traditional assets are digitizing;
ETH's rise shows the ecosystem is still expanding;
BTC's adjustment suggests it is undergoing a phase of turnover.
And Adam Back's view is a form of "endgame narrative."
But the market has never moved straight to the end, it is always trial and error.
So what you see now is not chaos, but—
Multiple future versions competing simultaneously.
The question is:
Which future are you standing on now?
#比特币ETF期权持仓限额增4倍