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Trader Killa stated that market structure and cycles are similar, and investors should not overly rely on fear and greed indices. Short term sentiment indicators may not necessarily reflect long-term trends. Killa pointed out that the supply of short-term BTC holders has recently reached an overheated level, similar to the trend after the market broke away from the macro bottom in 2023. After the supply of short-term BTC holders reached a similar high in 2023, the BTC price continued to rise and remained upward in a higher time cycle trend.