Ethereum just dropped 30% in two weeks.
The MVRV Z-Score now sits at -0.42 β a level historically associated with holder capitulation.
π On-chain data confirms: ETH is trading below its aggregate cost basis.
But hereβs the key β
β οΈ Current readings are still above prior cycle extremes. This signals stressβ¦ not confirmed final exhaustion.
Liquidity is tightening. Weak hands are exiting. Volatility is expanding.
Some analysts warn of further downside pressure. Others see this as a strategic accumulation window during fear.
Capitulation reshapes markets. Positioning defines outcomes.
At BitHash, we monitor on-chain structure β not headlines.
π Want the full breakdown? π Read now: https://bithash.ae/news/ethereum-enters-mvrv-capitulation-zone-but-the-bottom-may-not-be-in/
π www.bithash.ae
π +971 55 897 2221 | +971 58 572 2898 π§ info@bithash.ae
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