Renowned trader Killa (@KillaXBT) announced the closure of his Bitcoin short position after 29 days, citing an unfavorable risk-reward ratio for continuing to short the cryptocurrency. Initially targeting a price below $60,000, Killa decided to exit his position following Bitcoin's approximate 50% decline. Killa, known for his quantitative trading strategies, now plans to adopt a long-term bullish outlook on Bitcoin. He anticipates the peak of the current bull market to occur in May 2025. Killa has a significant following of over 180,000 on X, where he shares his market insights.