Market Analysis: Only after meeting three conditions including substantial market turnover and MVRV-Z score below 0 will bottom-fishing and position building occur

Odaily News: The honest "Boss Mai" posted on platform X, stating that he had liquidated his positions around the September interest rate cut and remains bearish on the market. He believes liquidity will not improve this year and maintains a bearish outlook. He will only establish long-term positions through bottom-fishing after three conditions are met:

1. The secondary market experiences absolutely substantial turnover trading volume (capitulation);

2. The MVRV-Z score falls below 0 (currently at 0.77);

3. A "BTC capitulation" event similar to the FTX incident or the BCH fork occurs.

He stated he is prepared for the market to drop another 40-50%, and will enter the market with a full position when the above conditions are met.