Analyst Killa said in a post on X that he plans to hedge 50% of his Bitcoin exposure in the $89,000 to $94,000 range. He described the move as his first short position in months. Killa also said that, as he noted 1 to 3 days earlier, he had not intended to short the same prior high while price was consolidating below it. According to his post, the hedge setup would be invalidated if Bitcoin establishes itself above $97,000. The statement outlines a defined price range for the hedge, the size of the position involved, and the condition under which the plan would no longer apply.
According to ChainCatcher, analyst Killa said in a post on X that he plans to hedge 50% of his Bitcoin exposure in the $89,000 to $94,000 range. He said the trade would mark his first short position in months.
Killa added that, as he had said 1 to 3 days earlier, he had not wanted to short the same prior high while price was consolidating below it. He also said the hedge plan would be invalidated if Bitcoin holds above $97,000.
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