#以太坊市场动态# Analyze Joe Lubin, the co-founder of Ethereum, on the viewpoint that the treasury company is pushing ETH's market capitalization to surpass BTC. This prediction is quite bold and should be approached with caution. The key is to observe the flow of institutional funds and changes in on-chain data. Currently, the market capitalization gap between ETH and BTC is still quite large, making it difficult to achieve a "turnaround" in the short term. However, as the Ethereum ecosystem continues to expand and institutional participation increases, ETH does have the potential to catch up in the long run. It is recommended to closely track large ETH transfers and changes in DeFi Lock-up Position volume, as these indicators may provide clues for judgment. At the same time, attention should also be paid to the progress on the Bitcoin side; the interplay between the two may change the landscape.