Killa Says Bitcoin Bottom Signals May Fail as Long-Term Holders’ Losses Near 2018 Bear Market Levels

Killa said on X that about 80% of cycle-top indicators in the previous Bitcoin bull market were never triggered, and that future bottom indicators may also fail in a similar way. According to Odaily, he said investors should not rely mechanically on historical signals to judge a market bottom.Killa said the supply held by long-term holders at a loss has now exceeded the level seen during the FTX collapse and is close to the 2018 bear market level. He added that Bitcoin’s realized price is currently around $50,000, and that price has tested long-term holders’ realized price in past cycles, though he said Bitcoin should not be assumed to fall back to that level.