If you actually zoom out… the best $ETH buys in bear markets always came from the same zone 📉
The MVRV Z-Score below -0.5 — right under that green band.
This isn’t just a random level.
It shows how far price has deviated from what holders paid on-chain.
👉 Below 0 = most holders are in loss
👉 Below -0.5 = panic starts
👉 That’s where real capitulation happens
Right now?
We’re sitting around -0.1 with price near $2.3K
That’s not a bottom signal… not even close.
For perspective:
That dip to $1.8K in Feb → Z-Score touched ~ -0.51
That’s the level where things actually get interesting.
And if we push deeper (around -0.75)?
That’s where smart money starts sizing in confidently 💰
The mistake most people make every cycle:
They try to be early.
They front-run the signal.
They convince themselves “this time is different.”
And then?
They sit through a 30% drawdown 📉
It’s not about catching the bottom.
It’s about avoiding unnecessary pain.
Personally — still waiting.
This feels early.
I’d rather see a proper sweep + deeper Z-Score before making any real move.
#ETH #Crypto #Trading #OnChainAnalysis $SKYAI
