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[1754] => 虚拟币存提
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当前离线
经验:
天策币:
活跃币:
策小分:
总在线: 2735 小时
本月在线: 70 小时
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截至 2026 年 2 月，加密市场仿佛进入了寒冬。ETH 跌破1900，今年开局创下历史最差表现之一，较 2025 年高点下跌超过 60%。
* Z5 e2 }$ t! g& Q) M+ d% `% l: _* \; `% e7 f q
市场情绪极度恐慌，甚至连内部人士卖币都加剧了压力。
0 T+ J6 G: I* C f5 v I% d一、先说技术面4 K1 L( i: a7 v0 _& ?7 c6 O6 a0 J7 u
这一点也是我在社区反复强调的，K线上我们经历了急跌，横盘，而最近的下跌完美符合预期的最后一跌！% R& C* K9 g1 A
而我能做的就是让大家拿住，甚至也来到完美的定投区间，可以参考22年的走势，这是最后一跌！
8 Q7 t! ?" _1 [3 @ l, ~( C2 G) f V3 I( m8 o6 B
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& _3 b X+ t: \& L二、再看宏观
4 W0 G9 y# o. C: V以太坊2月日活跃地址维持在55万-70万 （主网），1-2月曾接近/突破100万 新高区间。7日/30日均线仍在上行，证明真实用户和DApp活跃度在增强。
4 j7 {4 s9 z# l9 v8 C R T! I9 N
# p. f7 L" T U8 Z, j* y ) V/ U8 C5 C) E$ p; Q6 f: E
( g8 \" d. p- ~ G2月7日单日交易量达2.896M历史最高，2月22日仍维持在170万 。2026年初整体较2025年同期大幅回升，稳定币和L2活动是主要驱动。4 K0 h- F. @5 T
4 V8 I, {: U' n" \5 ~# r% |
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8 s# H* F ~' @5 {( cETH链上稳定币总供应约158-183B USD（占全球50%以上），2025-2026年持续爬升并创新高，说明稳定币持续增长！
' z( U6 s" j& b% C, u3 J, C9 F2 Q+ _' A5 Q7 t8 O0 U5 E
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( Z+ w! l# a4 Z) S/ Z: o4 }5 m
交易所ETH储备减少持续下降,全交易所ETH储备降至16.2M ETH（2016年以来最低），2026年初持续净流出。
$ p: @: L! u4 W3 j2 ^6 w, e- O q) |! ^& G9 |+ d( b
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所以，结合质押锁定，有效流动供应大幅收紧（约45% ETH已illiquid）, 尽管ETH价格短期承压，但网络基本面在2026年2月正处于爆发前夜
. {; D! S# D7 `: D三、机构在买，而不是跑
& I5 C' O1 M1 E7 S- E散户恐慌，机构却在布局。ETF 资金流入恢复，企业金库在低位配置 ETH。 传统金融机构持续在以太坊上做代币化产品。0 R# k+ z& h: G6 t% l
: \$ X, f( a! R
2 b8 \' U4 Q: H8 E( Y) U5 h
0 g4 o! U# Z5 c4 J/ G# [1月整体净流出2.53亿美元，但2月17日单日净流入4863万美元（BlackRock ETHA单日 2289万领跑），2月13日也曾翻正 1026万。
4 S5 _' V0 ?; M' s) g+ {9 V近期虽有波动，但已出现多次正流入/零流出，累计AUM仍超115亿美元，显示机构在$1900附近开始重新布局。8 M* M/ S! ]. q }" e) J
四、2026 年路线图聚焦
# P' }( K) t& ]升级方向包括：
# Y5 Q" B% B3 c提升 Gas 上限/ w! @% F: m$ t, e9 u% V) v i
/ N. s. t/ P8 L( u1 \0 `
增强 L2 互操作性% [) A ^; z+ M8 U |- [
. k. s# G# N2 k# x5 H扩展零知识基础设施
2 r$ |+ N5 V" f% F8 Q) s1 Q$ }; D1 u0 g. v
账户抽象" _) O8 `0 v8 N9 `5 w
. T; }$ V; Y' v$ j抗量子安全
6 l- M0 S; ^3 k; K C0 M% O+ x
1 ]. b! s+ y, z9 UHarden the L1：后量子密码、FOCIL抗审查、网络韧性测试，V神也强调“不再是UX vs 安全，而是提升安全的UX”
1 P9 a% V. M$ F8 t- r% Q; U. `1 Z/ v6 @) e6 `/ ]0 }
所以，如果宏观稳定、资金回流，ETH 不需要炒作，只需要被重新定价。- P2 u" |2 o1 L; p! g: b* h8 @2 ~2 T
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这不是盲目乐观，我坚信，冬天往往是最大反弹的起点。 |
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当前离线
经验:
天策币:
活跃币:
策小分:
总在线: 75 小时
本月在线: 14 小时
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ETH 这价位确实有点诱人了，但真进去还得看后续怎么走 |
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当前离线
经验:
天策币:
活跃币:
策小分:
总在线: 123 小时
本月在线: 17 小时
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这波跌得挺狠，但看数据好像真有人在默默抄底，心态得稳住啊 |
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当前离线
经验:
天策币:
活跃币:
策小分:
总在线: 238 小时
本月在线: 13 小时
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当前离线
经验:
天策币:
活跃币:
策小分:
总在线: 13720 小时
本月在线: 46 小时
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