Well-known trader: Has closed Bitcoin short positions; the risk-reward ratio for shorting at this stage is no longer favorable.

BlockBeatNews

2026-04-06 06:50:36

BTC3,99%

BlockBeats message, April 6, well-known trader Killa (@KillaXBT) posted, saying that he has closed his 29-day swing short position. The reason is that, in the long run, the risk-to-reward for shorting is no longer favorable.

Previously, he had continued to be bearish and had targeted a level below $60k. Now he has chosen to exit because BTC has already fallen by about 50%, and he plans to switch to a long-term long position after sweeping the lows.

Killa, a quantitative trader focused on BTC, had predicted the top of this bull cycle in May 2025. On the X platform, he has more than 180k followers.

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