DeFiLlama data shows that as of January 9, 2025, the total lock-up value of the Ethereum chain exceeded $64 billion, a significant increase of nearly 180% from January 2023 ($23 billion). You know, even a 10% release of BTC liquidity will create a market of up to $180 billion, and if it can reach an ETH-like TVL ratio (on-chain TVL/total market capitalization, currently about 16%), it will release about $300 billion in liquidity.