The best time to accumulate $ETH in a bear market is whenever the MVRV Z-Score drops below -0.5, right below the green zone.
MVRV-Z statistically measures how stretched ETH's market value is relative to its on-chain cost basis.
Being below zero means the average holder is in the red. Below -0.5 indicates deep liquidation.
Our current Z-Score is -0.1, with the price around $2,300.
For reference, the liquidation low in February was when the Z-Score hit -0.51 at $1,800, so returning there would put us back at the edge of that zone.
Once the Z-Score drops below -0.5 and pushes towards -0.75, that's when it makes sense to start stacking.
Jumping the gun on this indicator has cost retail investors over 30% in previous cycles.
I bet we will revisit those lows again before I start any accumulation.
#LayerZero10KEthForAave #USIranLongTermBlockade #PowellFinalFOMC
MVRV-Z statistically measures how stretched ETH's market value is relative to its on-chain cost basis.
Being below zero means the average holder is in the red. Below -0.5 indicates deep liquidation.
Our current Z-Score is -0.1, with the price around $2,300.
For reference, the liquidation low in February was when the Z-Score hit -0.51 at $1,800, so returning there would put us back at the edge of that zone.
Once the Z-Score drops below -0.5 and pushes towards -0.75, that's when it makes sense to start stacking.
Jumping the gun on this indicator has cost retail investors over 30% in previous cycles.
I bet we will revisit those lows again before I start any accumulation.
#LayerZero10KEthForAave #USIranLongTermBlockade #PowellFinalFOMC