Renowned trader: The supply of bitcoin held at a loss by long-term holders now exceeds the level during the FTX collapse.

According to ChainCatcher, well-known trader Killa stated that during the previous Bitcoin bull market, about 80% of cycle top indicators were never triggered. Similar situations may occur with future bottom indicators, so one cannot mechanically rely on historical signals to determine market bottoms. He pointed out that the supply held by long-term holders currently in a loss has already exceeded the level during the FTX collapse and is approaching levels seen during the 2018 bear market.