3.13 BitTiger Diary: MVRV still hanging mid-air, the green zone is my battlefield

Brothers, even though we touched 72k again today, one glance at this MVRV ratio chart and my mindset is still as steady as a rock. Historical ironclad rule: Every true bear market bottom requires MVRV to dive deep into the green zone (ratio < 1.0), where the market price falls below the average holding cost across the network. Look at those green boxes marked—2011, 2015, 2019, 2022. Every single time, it’s been a brutal grind in the green zone, shaking out all the weak hands completely. This means the majority of holders are at a loss, and only then does the market truly hit despair. And now? The orange line is still hanging mid-air, hasn’t even touched the threshold of the green zone. Real thoughts: The indicator is still in the neutral zone, meaning most people are either still in profit or only slightly at a loss. We’re far from the point of collective capitulation. Talking about "buying the dip" at this stage is like shouting "we’ve hit bottom" when your feet haven’t even touched the water. It’s not that I don’t want to buy cheap coins, but at this price, it’s nowhere near "cheap." No deep green zone on MVRV, no aSOPR dropping below 0.9, no widespread panic selling—none of the essential conditions for a historical bottom are present. Sticking to the plan: Cash stays untouched, only moving big money in the green box zone. The rest of the time, I’m just watching the show. The real opportunity comes when no one wants to talk about it anymore, not when people are still debating "should we buy the dip." If the market doesn’t give a clear signal, I won’t waste my bullets early. No green zone, no all-in—that’s the iron rule. Bitcoin BTC MVRV On-chain analysis BitTiger Diary