Odaily Planet Daily News: Honest Mr. Mai posted on the X platform that he had fully liquidated his holdings around the September rate cut and continues to be bearish on the market. He believes liquidity will not improve this year and maintains a bearish outlook. He will only start to accumulate long-term positions after three conditions are met:
-
Absolute large-volume turnover transactions (surrender) appear in the secondary market;
-
The MVRV-Z score drops below 0, currently at 0.77;
-
Events similar to the FTX incident or BCH fork, such as a “BTC surrender” event, occur.
He stated that he is prepared for a further 40-50% decline in the market and will go all-in once the above conditions are satisfied.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BNP Paribas Launches Six BTC, ETH ETNs for French Retail Clients
BNP Paribas is expanding its investment lineup in France by launching six crypto-linked exchange-traded notes (ETNs) that track the prices of Bitcoin and Ether. The regulated notes will be available to retail clients from Monday through standard securities accounts and Hello bank!, the group’s
CryptoBreaking2m ago
Solana and XRP Slide Continues — New $100 BTC Reward Model Keeps Rising
SOL entered 2026 above $140 and has spent the first quarter giving most of that back. The asset is currently consolidating between $85 and $90 inside a rising wedge pattern that technical analysts flag as pointing toward further downside — a formation that typically signals weakening recovery
CryptoPotato11m ago
Bitcoin Faces Worst Six-Month Decline Since 2018; Five Takeaways
Bitcoin is approaching the March monthly close with a potential sixth straight month in the red, hovering in the mid-$60,000s as macro headlines keep risk-off sentiment front and center. The latest price action saw BTC test the $65,000 area early in the week, with traders eyeing $67,500 to $68,000 a
CryptoBreaking19m ago
Willy Woo: These Key On-Chain Models Pin Bitcoin Bottom at $46K-$54K
_Analyst Willy Woo’s on-chain models point to a Bitcoin bottom of $46K–$54K. Here’s what the data and prediction markets say right now._
Bitcoin is flashing warning signs heading into April 2026.
Crypto analyst Willy Woo now points to a potential bottom between $46,000 and $54,000. His forecast l
LiveBTCNews27m ago
