$BTC 77000 Fear and Greed Index at 39 Retail investors are scared while whales have net bought 270,000 coins over the last 30 days, marking the largest monthly accumulation since 2013. The MVRV Z-Score is only 1.2, with peak cycles at 3.8, not even halfway there. Long-term holders constitute 78.3% of the circulating supply. Every time this structure appears, it indicates a bottom formation. But remember, just because whales are buying doesn't guarantee a pump tomorrow; it means they see it as undervalued.