Prominent Trader: Shorting Too Early Was a Mistake, Stop-Loss Moved to $84,000, Still Holding Bearish View

**May 7th** Renowned trader Killa (@KillaXBT) acknowledged in a recent post that he entered his short-term short position too early—saying he “didn’t wait for clear confirmation and broke his own rules.” While the short position remains open, he’s adjusted the stop-loss level to $84,000. Though Killa notes the short is “likely to get stopped out at that $84k level,” he still holds a bearish outlook. He pointed out bear markets typically last 300–400 days, and we’re only 212 days into the current cycle—suggesting this is an accumulation phase. For short-term trends: Bitcoin has already liquidated low-leverage short positions, and there’s a large number of long positions stacked below current levels. With no clear bearish structure in place right now, he says this is neither an ideal short-term long setup nor a reason to short blindly. Traders should wait for clear structural confirmation. As a BTC-focused quant trader, Killa accurately called the peak of this bull market back in May 2025 and boasts over 180,000 followers on X. He shorted Bitcoin at $74,688 in mid-April and is currently sitting on an open floating loss.