Killa: The supply of short-term BTC holders has reached an overheated level, and the market structure is similar to the bottom of 2023

Trader Killa stated that market structure and cycles are similar, and investors should not overly rely on fear and greed indices. Short term sentiment indicators may not necessarily reflect long-term trends. Killa pointed out that the supply of short-term BTC holders has recently reached an overheated level, similar to the trend after the market broke away from the macro bottom in 2023. After the supply of short-term BTC holders reached a similar high in 2023, the BTC price continued to rise and remained upward in a higher time cycle trend.