Killa Says Bitcoin Short-Term Holder Supply Is ‘Overheated’
Photo: TokenPost
Bitcoin (BTC) short-term holder supply has recently reached an “overheated” level that may signal a market bottom is forming, trader Killa said. Killa said the pattern resembles Bitcoin’s 2023 recovery after the market moved away from a macro bottom. Bitcoin continued rising after short-term holder supply reached a similar level during that period, while the higher-time-frame trend remained upward. He cautioned against relying too heavily on fear-and-greed indicators to determine market direction. Market sentiment can remain irrational for extended periods, and short-term measures may not reflect the longer-term trend. Enna Lee reports on investing and digital-asset markets for TokenPost.
Source: TokenPost
