Current Situation Analysis: The market is undergoing a brutal liquidation of leverage and weak hands. Although prices appear to be on the verge of collapse, on-chain data (STH-MVRV 0.73) and cyclical valuation (Energy Osc -40) both suggest that this is an excellent left-side buying point with a great risk-reward ratio, rather than a selling point.
We are on the edge of a highly tempting but also extremely dangerous "golden pit." Macro liquidity is rising, but on-site leverage and sentiment are collapsing. This is a typical **"price-value divergence"** moment.
"Do not be afraid when it is greedy." Data shows that short-term chips are exiting with significant losses, while the long-term support line is right beneath us. This is an excellent position for a rebound; set a stop loss at $86,500 and try to capture the starting point of the next uptrend.
The current decline is healthy as it is cleaning out the uncertain short-term chips (SOPR < 1). Do not be misled by emotions; focus on the data: value is undervalued, and liquidity is flowing in.
In summary: As long as it does not break the level, this is an excellent position for institutions to accumulate using retail panic. Buy in fear and wait for liquidity transmission. #以太坊巨鲸异动 $BTC
