In the past decade, Bitcoin's supply structure has been nearly fixed—miners receive rewards for new blocks, bearing huge electricity and hardware costs, and therefore must regularly sell BTC to cover costs. This ongoing selling pressure is one of the foundational rhythms of long-term volatility in the BTC market.

However, BTC re-staking protocols like BounceBit are adding a 'buffer' to this rhythm.

When miners and long-term holders discover that they can re-stake idle BTC through a mixed framework of CeFi + DeFi to obtain stable on-chain earnings and RWA returns, the timeline for selling coins will be postponed and even partially replaced by reinvesting earnings.

This will bring three chain reactions:

  1. Selling pressure delay: The amount of BTC available for circulation decreases in the short term, resulting in fewer chips available for trading in the market.

  2. Volatility structure change: Bitcoin prices may maintain a higher plateau during a bull market, as the motivation for 'taking profits' is partially replaced by the monetization mechanism.

  3. Improved capital efficiency: BTC transforms from a 'dead asset' to a 'cash flow asset' that can participate in full-chain earnings, increasing the speed of capital recovery and expanding leverage space.

Unlike EigenLayer's logic of re-staking ETH, BounceBit is more like connecting BTC to a multi-layered income engine:
Centralized institutional custody reduces trust risks (Ceffu, Mainnet Digital), while the on-chain portion participates in various income protocols, including high-throughput Bitcoin L2 and YBTC earning assets.

This model may also drive sentiment spillover among tokens in the same sector, such as Stacks (STX), Bitlayer (BTR), and emerging BTC L2 ecosystem tokens. They are all attempting to make BTC no longer just a 'gold nugget lying in a wallet,' but an asset that generates interest.

If this trend continues, the BTC market structure in the next bull market may experience for the first time in history: after the miner halving, instead of being forced to sell BTC for cash, they will directly re-stake BTC, waiting for both earnings and price to soar.

In other words, BounceBit not only provides BTC holders with an additional source of income but may also fundamentally change the rhythm of Bitcoin's supply release—this is the starting point of structural change in the market.