Can the subsequent market continue?

The current rebound in the Bitcoin ecosystem, while noteworthy in terms of its rise, is more about expectation recovery in the long run rather than a trend reversal. There are structural issues within its ecosystem that limit sustained performance.

From the development pace, the BRC-20 and Runes projects are advancing slowly, and 'Bitcoin-native DeFi' has not built a complete vertical system, lacking necessary infrastructure, making it difficult to form synergistic effects.

Developer enthusiasm is waning, with low update frequency on core project GitHub repositories, and the activity level in the technical community is far behind chains like Ethereum and Solana. With the shift in attention from capital and users, the developer ecosystem is quiet, weakening mid-term expectations.

Overall, this rebound seems like a 'wrong-call correction,' where funds focus on deeply discounted assets during a style shift after emotional exhaustion and valuation decline, releasing elasticity.

For the Bitcoin ecosystem to break out of an independent market, it cannot rely solely on price increases; it needs real product deployment, convincing user growth data, and the consolidation of community confidence.

After all, while a rebound can be driven by emotions, the continuation of a trend relies on confidence and substantial progress for support.