Renowned Trader: Bitcoin's Short-Term Continued Volatility Aims to Hunt Longs and Destroy Bullish Confidence

BlockBeats news, September 12 - Renowned trader Killa posted that Bitcoin has recently been in a phase of repeated fluctuations, with the market repeatedly hunting long positions below previous lows, aiming to clear leverage and gradually erode the confidence of long position holders.

Killa believes that this continuous sweeping of lows typically signals the market's ultimate intention to reward longs, with a final sweep marking a local bottom, followed by price expansion toward highs.

Killa, a quantitative trader focused on BTC, previously predicted the peak of this bull market in May 2025 and has over 200,000 followers on the X platform. In mid-April, he shorted Bitcoin at $74,688 and shifted to long during the market-wide decline on June 5.