Market Analysis: Only after meeting three conditions, including large-scale turnover in the market and MVRV-Z score below 0, will they buy the dip and build positions

Odaily reported that the honest Mai Zong posted on platform X, stating that he had liquidated his positions around the September interest rate cut and continues to be bearish on the market. He believes liquidity will not improve this year and remains bearish. He will only buy the dip and establish long-term positions after meeting three conditions:

1. The secondary market sees absolutely large-scale turnover volume (capitulation);

2. The MVRV-Z score falls below 0; currently, this indicator is at 0.77;

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

He stated that he is prepared for the market to drop another 40-50% and will go all-in when the above conditions are met.