Prominent Trader Closes Bitcoin Short Position, Shifts to Long-Term Bullish Outlook

KuCoinFlash

Release Time: 04/06/2026 06:46:06

BTC

$72,841.701.05%

Summary

On April 6, 2026, renowned Bitcoin trader Killa (@KillaXBT) closed a 29-day short position and shifted toward a long-term crypto strategy. The move followed Bitcoin’s roughly 50% decline, which invalidated his previous target below $60,000. Killa cited unfavorable risk-reward dynamics for continuing to short and now prefers long-term investing once the market consolidates at lower levels.

BlockBeats news, on April 6, renowned trader Killa (@KillaXBT) posted that he had closed a swing short position held for 29 days, citing that the risk-reward ratio for shorting had become unfavorable in the long term.

He previously maintained a bearish outlook with a target below $60,000, but has now exited his position following BTC’s approximately 50% decline, planning to shift to a long-term bullish stance after sweeping the lows.

Killa, a quantitative trader focused on BTC, predicted the peak of this bull market in May 2025 and has over 180,000 followers on X.

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