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🔥Renowned trader Killa closes Bitcoin short positions, citing unfavorable risk-reward ratio for shorting
On April 6, well-known trader Killa (@KillaXBT) announced that he has closed a 29-day swing short position, stating that from a long-term perspective, the risk-reward ratio for shorting has become unattractive. Previously, he maintained a bearish outlook with a target below $60k. Now, after Bitcoin has dropped about 50%, he has decided to exit and plans to switch to a long-term bullish stance after the market bottomed out. Killa, a quantitative trader focused on Bitcoin, predicted the top of this bull market in May 2025 and has over 180k followers on the X platform.
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