Prominent Trader: Strategy Selling Coins OTC, Limited Impact on Spot Price, Bitcoin Could See High of $65,600
BlockBeats News, July 7th, Renowned trader Killa (@KillaXBT) stated that Bitcoin holding above last week's closing level (around $59,000) would pave the way for a move towards $65,600.
Furthermore, regarding the "Strategy's historical sale of 3,588 BTC," Killa mentioned that the Strategy did not sell through the open market but rather via institutional trades to avoid significantly impacting the Bitcoin price. This, to some extent, also explains Bitcoin's price action of a dip followed by a rebound last night.
As a BTC-focused quantitative trader, Killa had predicted the peak of this bull market in May 2025 and has over 200,000 followers on Platform X. In mid-April, positioned a short on Bitcoin at $74,688 and switched to a long position during the market-wide downturn on June 5th.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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