#加密市场观察 #max
Hey, everyone, I am Luck. The crypto market has been a bit suffocating recently, with the entire market correcting significantly from the high points at the beginning of the year, and the total market cap shrinking by hundreds of billions of dollars. BTC has slid from over 90k to around 71k-73k, while ETH has been even harsher, directly dropping below 2.2k. The short-term rebound seems weak, and it feels like everyone is waiting for a clear bottom signal. After the big liquidation wave over the weekend, a lot of leveraged long positions were liquidated, and there has been capital outflow from institutional ETFs. Market sentiment is low, but it hasn't crashed; the share of stablecoins is increasing, and Bitcoin's dominance is back up, indicating that funds are moving towards safer assets. Overall, we are in a typical consolidation bottoming phase, with macro uncertainties still present. If the interest rate environment does not worsen, there may be a rebound once enough accumulation happens, but don't expect a big bull market in the short term; being patient is more realistic.
As for ETH, Vitalik has recently been posting on Twitter to reflect on the role of L2, stating that the original rollup-centric vision may not be suitable anymore due to L1 scaling exceeding expectations, gas limits soaring, and fees nearly zero. The progress of L2 decentralization has been slow, and many chains haven't reached stage 2. He also emphasized that we shouldn't create copy-pasta EVM chains; we need to bring real innovations, such as privacy, ultra-low latency, and app-specific efficiency, otherwise, it would be meaningless. This directly touches on the pain points of the community, and many L2 projects are beginning to adjust their narratives from "helping Ethereum scale" to independent value or new functions. In the short term, ETH is weak along with the market, but the logic of L1 directly scaling is being reinforced. The long-term positioning as core infrastructure hasn't changed, only the path is changing.
The crypto industry experiences ups and downs, which is normal, but some things are quite stable—like CZ focusing on Giggle Academy's educational charity, providing interesting learning resources for children worldwide for free. This persistence is particularly warm during market downturns. The crypto sphere shouldn't only focus on prices; there should also be some long-term value. The community at #max has been doing quite well in this regard, continuously supporting and promoting education and charity, and @切记落袋为安 is worth paying more attention to.
What do you all think about this market recently? Do you feel that the bottoming process is about to end, or are you continuing to observe? Let's chat~
Hey, everyone, I am Luck. The crypto market has been a bit suffocating recently, with the entire market correcting significantly from the high points at the beginning of the year, and the total market cap shrinking by hundreds of billions of dollars. BTC has slid from over 90k to around 71k-73k, while ETH has been even harsher, directly dropping below 2.2k. The short-term rebound seems weak, and it feels like everyone is waiting for a clear bottom signal. After the big liquidation wave over the weekend, a lot of leveraged long positions were liquidated, and there has been capital outflow from institutional ETFs. Market sentiment is low, but it hasn't crashed; the share of stablecoins is increasing, and Bitcoin's dominance is back up, indicating that funds are moving towards safer assets. Overall, we are in a typical consolidation bottoming phase, with macro uncertainties still present. If the interest rate environment does not worsen, there may be a rebound once enough accumulation happens, but don't expect a big bull market in the short term; being patient is more realistic.
As for ETH, Vitalik has recently been posting on Twitter to reflect on the role of L2, stating that the original rollup-centric vision may not be suitable anymore due to L1 scaling exceeding expectations, gas limits soaring, and fees nearly zero. The progress of L2 decentralization has been slow, and many chains haven't reached stage 2. He also emphasized that we shouldn't create copy-pasta EVM chains; we need to bring real innovations, such as privacy, ultra-low latency, and app-specific efficiency, otherwise, it would be meaningless. This directly touches on the pain points of the community, and many L2 projects are beginning to adjust their narratives from "helping Ethereum scale" to independent value or new functions. In the short term, ETH is weak along with the market, but the logic of L1 directly scaling is being reinforced. The long-term positioning as core infrastructure hasn't changed, only the path is changing.
The crypto industry experiences ups and downs, which is normal, but some things are quite stable—like CZ focusing on Giggle Academy's educational charity, providing interesting learning resources for children worldwide for free. This persistence is particularly warm during market downturns. The crypto sphere shouldn't only focus on prices; there should also be some long-term value. The community at #max has been doing quite well in this regard, continuously supporting and promoting education and charity, and @切记落袋为安 is worth paying more attention to.
What do you all think about this market recently? Do you feel that the bottoming process is about to end, or are you continuing to observe? Let's chat~