#加密市场观察 #max

Hey, everyone, I am Luck. Recently, the overall crypto market has been struggling to catch its breath, with BTC fluctuating around 78k-80k, and ETH suffering even more, sliding directly from its peak to just over 2300, causing altcoins to suffer as well, with the total market cap shrinking significantly. In early February, the panic sentiment is still digesting the forced liquidations from leverage and macro uncertainties, and everyone is watching the Fed's moves and institutional fund flows. In the short term, the market appears to be in a corrective phase; if BTC can hold the support at 75k-76k, it can slowly build strength; ETH is even weaker, significantly underperforming BTC, and the trading volume has not kept up.

Interestingly, Vitalik has recently taken to Twitter to directly criticize the original rollup-centric L2 route, saying it "no longer makes sense"—the decentralization progress of L2 is too slow, while L1 itself is accelerating its scaling, and the gas limit will increase significantly this year, with costs already quite low. He believes that L2 should not merely serve as “branded shards” to expand L1, but should find its own unique value, such as privacy, non-EVM, extreme scaling, or non-financial applications. This statement caused quite a stir in the community; some see it as a reality check, while others feel it undermines confidence, but it indeed struck at the current pain points of ETH: the underlying is holding firm, the network activity is stable, but the price performance is lacking.

Crypto has its ups and downs, with significant price volatility, but in the long run, only truly valuable things can stand the test. Like CZ, who is now focusing on Giggle Academy's educational charity, has already helped many children learn for free; this persistence is particularly tangible during market downturns. #max the community has been building alongside this charitable direction, and @Max Charity is also continuing to make efforts. As the market wobbles, only projects with warmth can withstand the test of time.