Bitcoin may not look like a final bottom yet, but one of the cleanest on-chain holder-pain signals has already flipped.https://t.co/3emjrWIFBy 来自 @YouTube
My view: this is not a “panic buy everything” moment, but it may be a zone where patient investors start building a staged plan.
Bottoms are usually a process, not one perfect candle.
Stay patient. Respect the data. Keep dry powder.
BTC is showing early capitulation signals from the short-term holder side.
STH MVRV is below 1, meaning many recent buyers are underwater.
STH SOPR is also below 1, showing some of them are no longer just holding paper losses, but actually realizing losses.
This is often one ingredient of a bottoming zone.
But it does not mean the exact bottom is confirmed. Compared with prior cycle lows, the stress is visible, but not yet extreme. Long-term holder pressure and MVRV Z-Score suggest the market may still need time to fully reset.
Bitcoin BTCUSD Stochastic Momentum Index has yet to flip bullish as it has at the conclusion of past bear markets
Crossovers tend to occur at precise cyclical timing. Perhaps the bear market hasn't concluded