THIS IS WHY BITCOIN BOTTOMS NEVER FEEL SAFE
Zoom out. ๐ญ
This MVRV Percentile chart shows where $BTC sits in its cycle. When it drops into the 0-10% zone, thatโs full capitulation. Most holders are underwater. Fear is extreme. Narratives turn outright hostile.
And every single time, those moments look obvious only in hindsight.
2015: $200โ$300. โMt. Gox killed crypto. Itโs going to zero.โ
2018โ2019: $3kโ$4k. โICO bubble popped. Institutions arenโt coming.โ
2022โ2023: $15kโ$20k. โLuna, FTX, Celsius. Crypto is dead.โ
Each time, retail panicked. Each time, patience was punished before it was rewarded. And each time, Bitcoin eventually moved multiples higher.
The only time the market feels uninvestable is when risk is actually being transferred.
0-10% #MVRV doesnโt mean go all-in. It means extend your time horizon, mute the noise, and understand what regime youโre in.
Thatโs why accumulation zones are obvious later, and terrifying in real time.
