3.6 BitTiger Diary: Not even a hint of red, so why talk about bottom-fishing?

Guys, I took a look at this MVRV chart today, and my mindset instantly became as steady as an old dog. The iron rule of history is clear: For a true bear market bottom, the MVRV has to crash into the red zone (price below the average cost across the network), letting the market "soak in the red sea." Look at 2015, 2019, and 2022—every time, it was endless torment in the red zone, thoroughly washing out the panic sellers. And now? We haven’t even touched the edge of the red zone. My honest thoughts: The indicator is still hanging in mid-air, which means the vast majority of people are still sitting on unrealized profits. We’re far from the point of collective capitulation. Asking me to bottom-fish in this state? Honestly, I have zero desire. It’s not that I don’t want to buy cheap tokens—it’s just that this price level doesn’t qualify as "cheap" at all. No deep red MVRV zone, no aSOPR dropping below 0.9, no widespread panic selling—none of the essential conditions for a historical bottom are in place. Sticking to the plan: Sitting on cash, staying as steady as a mountain, and waiting for that true shade of despairing red to light up. The real opportunity comes when no one even wants to talk about it anymore—not when people are still debating "whether to bottom-fish." If the market doesn’t give me a clear signal, I’m not wasting my bullets early. Bitcoin BTC MVRV Waiting for the red zone BitTiger Diary