On June 12, Optimism released the Season 8 governance update, aimed at reducing platform risk and promoting decentralization by introducing voting rights for four key stakeholders, enhancing active user participation while easing the burden on occasional participants. However, these governance changes failed to alleviate short-term price volatility. Recently, influenced by Bitcoin fluctuations, the price of Optimism broke below the critical support level of $0.59, showing a bearish structure on the daily chart. Although there may be a possibility of a rebound in the short term, overall market sentiment remains affected by Bitcoin's trends, and investors should exercise caution. The information in this article does not constitute investment advice and is merely the author's opinion.