Trader: Bitcoin's short-term continued choppiness aims to hunt longs, destroy bullish confidence
2026-09-12 13:58
Odaily reports: Trader Killa posted that Bitcoin has recently been in repeated choppy movement, with the market repeatedly hunting long positions below previous lows, aiming to clear leverage and gradually destroy the confidence of long holders. Killa believes that this sustained low-sweeping behavior usually signals that the market's ultimate intention is to reward longs, with one final sweep marking a local bottom, after which price expands toward highs. Killa, a quantitative trader focused on BTC, previously predicted the top of this bull cycle in May 2025 and has over 200,000 followers on the X platform. In mid-April, he shorted Bitcoin at $74,688 and turned long on June 5 during the market's broad decline.
