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
Strategy Unveils Bitcoin Model to Fund Dividends Forever With 2.3% Annual BTC Growth on May 7
According to Whale Factor, Strategy announced on May 7 that Bitcoin appreciation of just 2.3% annually could allow the company to fund shareholder dividends indefinitely. The company, which holds one of the largest corporate Bitcoin reserves globally, treats BTC as a productive treasury asset
GateNews18m ago
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?
GateInstantTrends1h ago
California Man Sentenced to 78 Months for $250M Crypto Theft Ring Role
A U.S. federal court sentenced Marlon Ferro, a 20-year-old California man also known as "GothFerrari," to 78 months in prison on Wednesday for his role in a nationwide social engineering conspiracy that stole over $250 million in cryptocurrency assets, according to a statement from the Department of
CryptoFrontier1h 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
GateNews1h ago
Core Scientific Shares Fall 7% on Q1 Net Loss of $347.2M Despite 45% Revenue Growth
According to Core Scientific's Q1 2026 earnings report, CORZ shares fell 7% in after-hours trading on May 6 after the bitcoin miner reported a net loss of $347.2 million, compared to net income of $576.3 million a year ago. Despite higher revenue of $115.2 million (up from $79.5 million in Q1 2025)
GateNews1h 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
CryptoFrontier2h ago