Svmuu News: Killa posted on X, stating that during the previous bull market at Bitcoin, approximately 80% of the cyclical top indicators were never triggered. A similar situation may occur with future bottom indicators, so one should not mechanically rely on historical signals to judge market bottoms.He pointed out that the supply from long-term holders currently in a loss position has exceeded the levels seen during the FTX collapse and is approaching the levels of the 2018 bear market.
BitcoinThe realized price is currently around $50,000, and in every previous cycle, prices have tested the realized price of long-term holders, so a return to that range remains possible. However, Killa stated that one should not assume Bitcoin will definitely fall back to this level.Many top indicators failed to trigger during the previous cycle, and some bottom indicators may also prove ineffective in the future. In any case, the current level of market losses is comparable to that seen during the FTX incident and the 2018 bear market.