Look, I'm staring at the chain data and seeing something we haven't witnessed in months: most traders who bought crypto in the last 30 days are now underwater. Seriously — Santiment's MVRV shows even Bitcoin at -3.7%, while alts are deeper: LINK down -9.5%, ADA and ETH both below -7%.
What does this mean in plain terms? Simple: selling pressure weakens. When everyone's in profit, they're itching to dump. But when the crowd's underwater, motivation to sell evaporates. Historically, these zones become accumulation grounds before the next leg up.
But don't get cocky. Negative MVRV isn't a "buy now" button. Markets can linger underwater for weeks — especially with macro uncertainty hanging over us. The real question: do you see signs of absorption (whales quietly scooping volume) or just dead markets with zero interest?
Personally, I'm watching these levels closely — not YOLOing in yet, but getting ready. Because when panic spreads and metrics scream "undervalued," someone's always laying the groundwork for the next move.
So what's your take — time to quietly build positions now, or wait for an even deeper dip?
