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Trader Killa: If BTC drops to $74,000 and triggers liquidation, he will reopen a 10x long position.

Oct 25, 21:34

On October 25, trader Killa stated that he currently maintains Bitcoin long positions, including longs established at $62,600 and $76,000, as well as a 10x leveraged long at $82,800.

Killa said that if BTC experiences a downward wick to $74,000, which would liquidate his 10x leveraged long, he plans to re-establish a 10x leveraged long at the previously set invalidation level. However, since he already holds significant exposure in that price region, he will use a smaller position size when reopening.

Killa also mentioned that if he did not already hold substantial longs and spot positions, he would actively buy at current levels. For investors with underallocated positions, he advises considering gradual accumulation over the coming weeks, stating that he would rather enter early than miss larger market moves later.

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