Prominent Trader: Closed Bitcoin Short Position, Current Shorting Risk-Reward Ratio Unfavorable

BlockBeats News, April 6th, well-known trader Killa (@KillaXBT) stated in a post that he has closed a swing short position held for 29 days, citing poor risk/reward for the short side in the long term.

Previously bearish and targeting a Bitcoin price below $60,000, he has now exited after a roughly 50% BTC drop, planning to switch to a long-term long position after sweeping the lows.

Killa, a BTC-focused quantitative trader, had predicted the top of this bull market cycle in May 2025 and has over 180,000 followers on Platform X.