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Renowned trader: Going short too early is a mistake. The stop-loss level has been reset to $84k, still maintaining a bearish market outlook.
BlockBeats News, May 7 — Well-known trader Killa (@KillaXBT) recently admitted that he entered short positions too early in the short term, “without waiting for clear confirmation, violating his own rules.” Killa stated that his short positions are still open, but his stop-loss has been reset to $84k.
Despite Killa “knowing that this short could likely hit the stop-loss,” he still maintains a bearish view, saying that bear markets usually last 300-400 days, and currently only 212 days have passed, so it is still a window for accumulation.
Regarding short-term market conditions, Killa believes that low-leverage short positions in the Bitcoin market have been shaken out, and there are a large number of long positions below. Currently, there is no obvious bearish structure, and it is not the right time to chase longs or blindly short. He suggests waiting for clear structural confirmation.
As a quantitative trader focused on BTC, Killa predicted the top of this bull market in May 2025 and has over 180k followers on the X platform. In mid-April, he shorted Bitcoin at $74,688 and is currently at an unrealized loss.