On April 6, well-known trader Killa (@KillaXBT) announced the closure of a swing short position held for 29 days. According to BlockBeats, Killa cited an unfavorable risk-reward ratio for continuing the short position in the long term.

Previously, Killa had maintained a bearish outlook with a target below $60,000. However, with Bitcoin having dropped approximately 50%, he decided to exit the position and plans to switch to a long-term bullish stance after the market bottoms out.

Killa, a quantitative trader focused on Bitcoin, accurately predicted the peak of the current bull market in May 2025. He has over 180,000 followers on the X platform.