朱老师区块链

The gainers and losers lists are all dominated by US stocks—what are those copycat coins doing? Last night there was a big rebound in semiconductors: SanDisk, NBIS, and BE all surged 30%; AXTI in optical materials jumped 60%; and the 2X leveraged ETF rose 70%...
But I still feel it’s just a dead cat bounce—it still has to fall, and there are too many people trying to catch the bottom.
$SNDK

Today, these U.S. stock companies are reporting earnings: with a focus on Apple and Amazon. Honestly, there’s not much to watch here—based on past performance, they’ve always been rock solid and are very likely to meet expectations.
Then there’s MicroStrategy. It probably won’t turn out any better—just look at how Bitcoin has been performing like this mess. It may only dip a bit more, since everyone already had expectations in mind.
$MSTR

Bitcoin is entering a new phase: what you may sell in the future isn’t BTC, but BTC’s security capabilities. Main text: In the past few years, the crypto industry has been discussing a question: besides being a store of value, what else can Bitcoin do? Many people’s answers are: BTCFi, lending, yield, and DeFi.

But I think this may underestimate Bitcoin’s true potential. Because Bitcoin’s biggest asset isn’t just a $1.1 trillion market cap—it’s the world’s strongest decentralized security network behind it. In the past, for a new blockchain to gain security, it needed to: issue its own tokens; maintain its own validator nodes; and cover the early-stage security costs. That’s also why after many new chains go live, they often face: no users; no validators; and insufficient security budgets.

Babylon offers a new way of thinking: turning Bitcoin network security capabilities into a resource that can be rented.

In the future, we may see a model like this: a new PoS chain → leverages BTC for security → reduces startup costs → attracts more applications. This is similar to the cloud computing era: companies don’t need to buy their own servers—they can rent AWS infrastructure.

Blockchain in the future may work the same way: not every chain necessarily needs to build its security system from scratch; instead, it can use Bitcoin’s economic security. So Babylon’s long-term value may not be as simple as making BTC generate yield.

Rather, it creates a new market: the Bitcoin Security Market. If Ethereum sells computing resources, then in the future Bitcoin may sell security resources. This may be the biggest imagination space for the BTC ecosystem. @BabylonLabs_io $BABY #baby

Now as long as it doesn’t beat expectations and just meets expectations, semiconductor stocks will collapse. The earlier optimism was too inflated. Even a great company like Corning—once it reports, it plunges down immediately. Getting rid of an overinflated valuation is actually a good thing. After all, GLW’s current PE is still around 70. 😂
$GLW

Yesterday U.S. stocks also crashed. Micron and SanDisk had a major plunge. We still need to look at the sentiment of the underlying funds. First, this month is earnings season. Many companies’ earnings have not been released yet. In principle, before earnings are announced, there shouldn’t be a big rally, but it also shouldn’t plunge this hard. After all, this earnings report is likely to be very good (with very strong expectations). And as we discussed earlier, SanDisk’s release this time is its Q4 earnings, and Q4 is the main event for earnings.

So if we know earnings are coming and the news should be strongly positive, yet it still drops like this, it can only mean one thing: regardless of any good news afterward, the capital is still scrambling to run. It suggests that semiconductors may truly be in the “final dance.” And if it is a dance, it’s probably a terrible one.

Right now, the 1200 level has no support. If it drops to around 1030 before the earnings, we can do a short-term trade and ride a bounce!

$SNDK

Tingquan Appraisal recently got into stock trading and lost all the money in his parents’ salary cards.
I guess he bought semiconductors at the peak.😂
$SNDK

storyJ also went bankrupt, no wonder it crashed so hard today. The founders and the former V God were also two godlike prodigies who once stood side by side. In this bear market, one project after another has fallen; even the trading volume in the crypto market has dropped to an all-time low. How much longer the bear market will last is anyone’s guess. But only after a complete reset—clearing out most of the trash—will the future truly be able to produce super-star, hundred-times projects.
$STORJ

In the past few years, the crypto industry has been debating a question:

Besides being a store of value, what else can Bitcoin do?

Many people’s answers are:

BTCFi, lending, yield, DeFi.

But I think that may underestimate Bitcoin’s true potential.

Because Bitcoin’s greatest asset isn’t just its $1.1 trillion market cap—it’s the world’s strongest decentralized security network behind it.

In the past, for a new blockchain to gain security, it had to:

Issue its own token;

Maintain its own validator nodes;

Absorb the early security costs.

That’s why after many new chains launch, they often face:

No users;

No validators;

Insufficient security budget.

Babylon offers a new way of thinking:

Make the security capabilities of the Bitcoin network a resource that can be rented.

In the future, we may see a pattern like this:

A new PoS chain → uses BTC to provide security → lowers startup costs → attracts more applications.

This is similar to the era of cloud computing:

Companies don’t need to buy their own servers—they rent AWS infrastructure instead.

In the future, blockchains may work the same way:

Not every chain needs to build its own security system from scratch; instead, it can use the economic security provided by Bitcoin.

So Babylon’s long-term value may not simply be about making BTC generate yield.

Instead, it could create a whole new market:

Bitcoin Security Market.

If Ethereum sells computing resources,

then in the future, Bitcoin may be what sells security resources.

That may be where the biggest imagination space for the BTC ecosystem really lies.

@BabylonLabs_io
$BABY

#baby

The comments below are insane: comparing Changxin Storage’s market value to Nvidia, and then seeing over 100—at the end of this cycle, you can’t be trapped in a four-layer position.
$NVDAB

In the past, when people measured a blockchain, the most important metric was always TVL (Total Value Locked).

But for Bitcoin, TVL has never really been the best indicator.

The reason is simple:

Bitcoin’s biggest advantage is not keeping assets locked on-chain, but enabling value to be continuously utilized.

In the future, when measuring the Bitcoin ecosystem, what may be worth paying attention to is not TVL, but TBV (Total Bitcoin Value).

TBV is not just about counting how many BTC are locked up; it’s about counting how many BTC are actively providing security, liquidity, and returns for the entire ecosystem.

For example:

* Using Babylon to provide economic security for PoS chains;
* Entering more financial products as institutional assets;
* Providing underlying credit for BTCFi;
* Recycling value and generating returns across different protocols.

The same BTC can take on multiple roles at the same time, rather than, as in the past, simply sitting quietly in a wallet.

This means:

Going forward, the focus of competition won’t be who locks up more BTC, but who can keep more BTC continuously creating value.

If TVL is the core metric of the DeFi era, then TBV is very likely to be the new metric in the Bitcoin ecosystem’s next era that deserves the most attention.
@BabylonLabs_io
#baby
$BABY