Trader Killa: BTC Short-Term Holder Supply Overheating May Signal Market Bottom Formation

Odaily News: Trader Killa stated on X platform that Bitcoin short-term holder (STH) supply recently reached "overheated" levels, a situation similar to the price action in 2023 after the market broke away from the macro bottom, potentially serving as another signal of market bottom formation.

Killa pointed out that after Bitcoin short-term holder supply reached similar highs in 2023, BTC price continued to rise and maintained an uptrend in higher timeframe (HTF) trends. The current market structure is quite similar to previous cycles, and investors should not overly rely on the Fear and Greed Index to judge market direction. Killa stated that market sentiment may remain irrational for extended periods, and short-term sentiment indicators do not necessarily reflect long-term trends.