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The best time to accumulate $ETH during bear markets has been each time the MVRV Z-Score has dropped below -0.5, just below the green band.
MVRV-Z statistically measures how stretched ETH’s market value is relative to its on-chain cost basis.
Below zero means the average holder is underwater. Below -0.5 means there is deep capitulation.
We're currently sitting at -0.1 at ~$2,300.
For context, the capitulation low to $1,800 in February was -0.51, so a revisit there puts us back on the edge of that band.
Once the Z-Score breaks below -0.5 and pushes toward -0.75, that's where it makes sense to start sizing on.
Front-running this marker has cost retail 30%+ in every prior cycle.
I'm betting we make another visit the lows before I start any accumulation.
#LayerZero10KEthForAave #USIranLongTermBlockade #PowellFinalFOMC
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