Famous trader: Admits to entering short positions too early, will adjust stop-loss to $84,000

Well-known trader Killa (@KillaXBT) recently admitted in a post that he entered his short position too early, "not waiting for clear confirmation, violating his own rules." Killa stated that the short position is still active, but the stop-loss level has been reset to $84,000.

Although Killa "clearly understands that this short position is likely to hit the stop-loss," he still maintains a bearish view, stating that bear markets typically last 300-400 days, and currently, it has only been 212 days, so it is still an accumulation window.

Regarding the short-term market, Killa believes that low-leverage shorts in the Bitcoin market have been washed out, with a large number of long positions below. There is currently no obvious bearish structure, and it is neither a good position to chase longs nor a position to blindly short. One should wait for clear structural confirmation.

As a quantitative trader focused on BTC, Killa predicted the peak of this bull market in May 2025 and has over 180,000 followers on platform X. In mid-April, he shorted Bitcoin at $74,688 and is currently facing a floating loss.