SATS price

Desert power? No. Bitcoin power. The Sats must flow 💧🟨

The trading volume on the UniSat platform has dropped from $56 million in a single week in May 2023 to an average of only $30,000 per day currently, a decline of 99.5%. Is the BTC ecosystem cooling down? Will there be new narratives in the future? Compared to historical highs, ORDI has dropped by 90%; SATS has dropped by 96.2%; RATS has dropped by 96%; RSIC has dropped by 97%; STAMP has dropped by 93%; ARC has dropped by 97.6%; MERL has dropped by 94%; STX has dropped by 83%; CKB has dropped by 86%; CORE has dropped by 89%; In terms of coin-based value, Runestone has dropped by 98%, Bitcoin Punks has dropped by 90%, and the key issue is that there is still little liquidity. If we consider BTC solely as a coin issuance platform, the only potential narratives that could continue might be the passing of some proposals and the implementation of features in the future, such as enhanced scripting capabilities and the rollout of RGB technology. However, the sentiment is unlikely to be as crazy as it was in 2023; technological upgrades may only spark a small wave of speculation in the short term, especially with attention being diverted to AI, stablecoins, RWA, compliance, MEME, and other areas. Only individual retail investors holding a small amount of tightly controlled coins might be able to stir things up and create a rally, but for coins with a large retail investor base, it seems difficult. I am generally not optimistic about the coins issued on BTC in the last cycle, but I still have expectations for the infrastructure, mainly because there is still no BTC yield solution that traditional institutions can confidently use on a large scale.