In addition to objective analysis of ETH and focusing on support, Brother Bee has been shouting for half a year that "the bull hasn't come yet." In October 2024, he said, "the big bull hasn't come yet": In November 2024, he analyzed, "Why is there a MEME season but no altcoins? The big bull market hasn't come yet." In February 2025, he analyzed, "BTC has no bubble, no altcoin season, and no macro environment, so the bull hasn't come yet": In March 2025, he again believed, "We have experienced a bizarre small bull, but the big bull hasn't come yet." There have also been many opposing voices along the way, until July 2025, when Bitcoin reached a new high...

In fact, OpenLedger and Camp are essentially doing the same thing — which is to fight for the benefits of AI's production materials. The difference is that OpenLedger's production materials are user data, while @campnetworkxyz's production materials are works. This logic is similar to the logic of resource tax and value-added tax collected by the government. The government collects resource tax from enterprises because they have free access to certain natural resources during the production process; the government also collects value-added tax from enterprises because, in the process of adding value during production, they actually consume certain resources for free. The essence of taxation is distribution, and after collecting taxes, the government redistributes the funds to other departments or regions through transfer payments. Both @OpenledgerHQ and Camp collect value during the AI production and value-added process and distribute it to the owners of the data and the creators of the works. This logic actually supports a viewpoint of Brother Bee, which is that the government should allocate a portion of the funds collected from resource tax and value-added tax for environmental protection, thus maintaining sustainable economic and natural development. When AI creates and adds value, it should distribute value to the providers of AI's production materials (data, works). When enterprises create and add value, they should distribute value to the production materials (natural environment). This is the logic of how the world operates; value distribution requires a certain balance, which is essential for the coordinated development of social economy and nature, as well as AI and natural persons!

Most of B's views are agreed upon, but this time I might not fully agree. Electricity used for production and life can bring happiness and wealth to society. The essence of BTC, whether as gold, currency, or securities, is that it is a symbol with financial attributes. If society remains stuck in the Qing Dynasty, it will be difficult for BTC to appreciate on its own. It appreciates with social progress and wealth growth, just like the price of gold has risen over time. Without the growth of social wealth, a financial asset rising on its own is merely a speculative bubble. However, with the growth of social wealth, the rise of financial assets is a form of value preservation and appreciation. Additionally, I have some concerns about the Yarlung Tsangpo River hydropower project; such large-scale projects may impact the local geography and ecological environment. Just like after the Three Gorges Project, there were earthquakes in Sichuan, and some believe there is a correlation. In fact, if more attention is paid during the construction process, with proper scientific scale and construction management, these impacts could be reduced. But this doesn't generate profit, so it's likely not considered during construction. This is somewhat similar to using electricity not for production and life but to mine BTC. It's like some people who disregard their fans and solely use AI to write for quick money; they might make a lot of money in the short term, but not necessarily in the long term.

$DBR rebounded from the bottom to 0.03, then pulled back to 0.02 and stabilized, and has now started to climb again, showing signs of further upward movement. I wonder if Debridge is brewing something?

Is it possible: ✨ When ETH drops, it can be as weak as it is, and when it rises, it can be as strong as it is? ✨ Is ETH replicating BTC's history and creating an independent market? ↘️ When it drops, we always think ETH should bounce back, but it just doesn't. ↗️ When it rises, we always think ETH should correct, but is it possible that it just doesn't? Everyone is blaming ETH for transitioning to POS because it has disrupted the cake of mining, mining pools, and miners from POW to POS. But the key underlying issue is—ETH is the cake!!! Can the cake not be appealing? 😂😂😂 💠 Oversold Bounce Some say ETH is oversold and bouncing back. February 1st should be a landmark date because Trump signed an executive order on that day, imposing tariffs on Canada, Mexico, and China. UNI and ENS, which are highly correlated with ETH, reached their highest levels back to early February, just when Trump imposed tariffs. In fact, most altcoins have been oversold and have bounced back. However, ETH has already returned to the level of December 2024, so we can't say ETH is oversold and bouncing back anymore, right? 💠 Faith Return Currently, ETH may belong to the stage of faith return. The voices that used to criticize Ethereum for transitioning to POS, Layer 2 diverting Layer 1, Vitalik's romantic life, and the Ethereum Foundation's inaction seem to have disappeared. 😂 Even the lack of new participatory applications for Ethereum is no longer mentioned. 💠 Ecosystem Restart In fact, the issue of Ethereum lacking new participatory applications still exists, and perhaps this is the real problem. Currently, the main source of ETH's rise may be the inflow of ETF funds. A simple rise in ETH, without the support of an ecosystem and narrative, is likely to be limited in height. Ethereum needs new participatory products and narratives. It's important to know that ETH is different from BTC; ETH has no upper limit on its quantity, and it is not an asset with the scarcity and store of value attributes like BTC. Moreover, even BTC experienced a wave of new participatory narratives—inscriptions—before its rise in 2024, back in 2023. 💠 In Conclusion Overall, altcoins are showing an oversold bounce, and the market cap of altcoins excluding BTC, ETH, and stablecoins has just returned to the level of January 31. However, ETH has already returned to the level of December 2024, in the stage of faith return. But there is still a need for large-scale participatory narratives to restart the Ethereum ecosystem. Only with new application ecosystems can the altcoin market be revitalized. Otherwise, it may just replicate BTC's independent market...

The marketing of cfx is quite good as well. In 2021, I communicated with the community and wrote an article analyzing Conflux, covering aspects like technology and operations. At that time, I didn't have much influence on other platforms besides Bihu, but I still published a lot of media. The people in the Conflux community spread my article. Many projects or agencies pay attention to the influence and conversion rates of KOLs. Some better ones balance analytical ability and influence. In fact, it is very important to combine KOL dissemination with community engagement. The community's dissemination power + KOL's analytical ability and dissemination power can yield great results with less effort. Conflux has done a great job in this regard!

I see what debridge is doing, it's all about the hot topics. Which platform is the best at sniffing out trends in the crypto world? debridge's cross-chain data is here to help!

Actually, it's not that "institutions are just big retail investors." Mainly ETF institutions, Grayscale crypto trust funds... these institutions themselves do not invest in cryptocurrencies. Instead, these institutions provide investment, trading, and custody products and services for cryptocurrencies based on the needs of their clients. The clients are retail investors or smaller institutions, and these people are essentially still influenced by emotions. It's just that these people don't monitor Twitter all day like we do, and they aren't as emotionally sensitive as we are; they just have some relatively analytical frameworks for their investments; they are just relatively rational. But it's only "relatively" rational. So, don't hold institutions in too high regard!

As ETH rises, various analyses and praises begin. Brother Bee doesn't have much to write about now, so let's pull out the old stuff. (Suspecting that those before, due to ETH's poor performance, didn't attract much attention 😂) In July 2024, analyzing the differences between Ethereum's POS and other public chain POS mechanisms: In July 2024, analyzing that Layer 2 will not distribute Ethereum's ecosystem and value: In November 2024, reiterating that Ethereum's POS has no issues: In November 2024, analyzing the reasons for ETH's poor performance: In November 2024, analyzing ETH's change of hands: In January 2025, raising the issue of incentives in the Ethereum ecosystem: In February 2025, analyzing that the market's accusations against Ethereum are double standards: In March 2025, analyzing the reasons why hackers like Ethereum: In May 2025, confirming that ETH's change of hands is complete: On July 2, 2025, ETH shows signs of improvement and reversal: Really the E Guardian, daring to face the bleakness of Ethereum, daring to confront the bloodshed...😎

The wise ancestors have long provided the answer. One monk fetches water to drink, Two monks carry water to drink, Three monks have no water to drink. One child carries their father, Two children lift their father, Three children push their father away. This is why the ancients always passed on family businesses to the eldest son. It established a system that is inscribed in bloodlines and cannot be evaded. In modern times, most elderly people with social security find that their children are still able to take care of them. The above is a general discussion on human nature. In real life, some elderly people are very affectionate and have a good influence on their children's education, while others have a bit of luck involved, as their environment hasn’t made their children indifferent or too busy. My grandmother is like that. On the other hand, there are some elderly people whose children are very career-oriented, and as a result, they may neglect to care for their parents. I have a distant relative like this; their children are all in the United States, and the elderly couple is particularly proud, but they are unable to take care of their elderly parents back home, who are unwilling to go to the U.S. because they can't adapt to life there.