According to BlockBeats, on May 7, trader Killa acknowledged his short position was entered too early and adjusted his stop loss to $84,000. Although he recognizes the position may be liquidated at the new level, Killa maintains his bearish outlook, citing that bear markets typically last 300-400 days and only 212 days have elapsed in the current cycle, suggesting an accumulation window remains.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
The fake-token season is gathering momentum: Bitcoin’s market share exceeds 60%, and the share of CEX counterfeit token trading rises to 49%
Bitcoin’s market share breaks 60%, the 90-day Altseason Index rises to 28.6, and the share of scam/altcoin trading on CEXs jumps from 31% to 49%. Three signals confirm early capital rotation—how much farther is Altseason still away?
GateInstantTrends5m ago
Bitcoin Could Hit $1 Million Within Five Years, Says VanEck Head of Digital Assets Research
According to VanEck's Head of Digital Assets Research Matthew Sigel, speaking on CNBC on Wednesday, bitcoin could reach $1 million within five years. "Half a decade, I think is possible," Sigel said, citing demographic trends and young investors' intentions to allocate to
GateNews22m ago
Spot Bitcoin ETFs Post Fifth Consecutive Day of $1.7B Inflows
Spot bitcoin (BTC) exchange-traded funds in the U.S. reported their fifth consecutive day of net inflows on Wednesday, bringing combined inflows to nearly $1.7 billion, according to SoSoValue data.
Daily Inflow Breakdown
Bitcoin ETFs recorded a net inflow of $46.3 million on Wednesday. Net
CryptoFrontier1h ago
American Bitcoin Corp Increases Holdings by 300 BTC to 7,300, Ranks 16th
According to ChainCatcher, American Bitcoin Corp increased holdings by 300 BTC to 7,300 total, according to Bitcoin Treasuries.NET monitoring. The Trump family-backed mining company now ranks 16th on the Bitcoin holdings
GateNews1h ago
U.S. Bitcoin Reserve Update Coming in Next Few Weeks, White House Adviser Says
White House digital-assets adviser Patrick Witt announced that a U.S. Bitcoin Reserve update is coming in the next few weeks. Witt cited a recent exploit involving assets held by the U.S. Marshals as evidence that federal crypto holdings require enhanced safeguarding
GateNews2h ago
Grant Cardone Adds More BTC to Treasury, Says Bitcoin-Real Estate Strategy Could Outperform REITs
Real estate mogul Grant Cardone recently said a hybrid bitcoin-real estate strategy could outperform traditional REITs and added more Bitcoin to his treasury. According to Cardone, the model brings new users into crypto while challenging conventional real estate
GateNews2h ago
