Opinion: The bottom of this Bitcoin cycle has formed, and short-term holder supply is once again showing overheating signals.

BlockBeats news, October 12 - Renowned trader Killa posted that in this cycle, the BTC supply held by short-term holders (STH) has once again risen to overheated levels after breaking away from the macro bottom, similar to the trend in the previous cycle, which could be another signal that the market bottom has already formed.

Killa pointed out that after short-term holder supply reached similar levels in 2023, BTC continued to fluctuate upward and remained above the long-term trend. The market is currently showing a similar pattern. He reminded investors not to be misled by the Fear and Greed Index, as irrational market conditions may persist far longer than expected.