This Week in Crypto, Full Written Summary: W3 November
Extreme Fear Grips the Market: Following Bitcoin’s drop to $80.6K, social sentiment has plummeted to its lowest point of the year, indicating widespread panic among retail traders.
- Whales are Buying the Dip:** On-chain data shows a clear divergence: small retail wallets are selling off, while “mega whales” (holding 1,000-10,000 BTC) have started accumulating, a pattern often seen near market bottoms.
- Key Metrics Signal a Potential Rebound:** Metrics like the MVRV have entered the “opportunity zone,” suggesting the market is undervalued. Historically, these levels have preceded significant recovery rallies.
- A Call for a Systematic Approach:** The experts stress the importance of having a data-driven trading system to avoid emotional…
