BlockBeats News, May 7th. Well-known trader Killa (@KillaXBT) recently admitted in a post that his short-term short entry was too early, stating that he "did not wait for a clear confirmation, violating his own rules." Killa mentioned that his short position is still open, but the stop-loss has been adjusted to $84,000.

Despite being "aware that this short may very well be liquidated," Killa still holds a bearish view, suggesting that bear markets usually last 300-400 days, with only 212 days having passed so far, indicating a accumulation phase.

Regarding the short-term market outlook, Killa believes that low-leverage short positions in the Bitcoin market have been liquidated, and there are significant long positions below. Currently, there is no clear bearish structure, so it is not an ideal position to go long in the short term or blindly short. Traders should wait for a clear confirmation of the market structure.

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