Analyst Killa said in a post on X that his spot position is already fully allocated and that he has been holding a 2x leveraged swing long in Bitcoin since $62,600. He also said he is deploying a separate 10x leveraged long strategy in batches through sub-accounts. According to Killa, Bitcoin has already seen a 54% pullback, and his mathematical estimate puts the maximum drawdown in a range of 65% to 68%. The strategy contains three 10x long positions with entry prices at $62,600, $57,100 and $51,600, paired with liquidation prices at $57,100, $51,600 and $46,100. Each position uses $10,000 in margin. Killa added that if Bitcoin rises to $126,000, the three positions would generate estimated profits of $101,300, $120,700 and $144,200 respectively. He said the strategy is actually split into four to five separate entries, and that gains from the last position could offset losses if the first two positions are liquidated.
ChainCatcher reported that analyst Killa said in a post on X that his spot allocation is fully deployed and that he has been holding a 2x leveraged Bitcoin swing long since $62,600.
Killa also said he is deploying a 10x leveraged long strategy in batches through sub-accounts. In the post, he said Bitcoin has already retraced 54%, and based on his mathematical calculation, the maximum drawdown could reach 65% to 68%.
Three 10x leveraged long positions
The strategy is built around three 10x leveraged long positions. Their entry prices are set at $62,600, $57,100 and $51,600, with corresponding liquidation prices at $57,100, $51,600 and $46,100. Each position uses $10,000 in margin.
Projected profits at $126,000
Killa said that if Bitcoin reaches $126,000, the three positions would produce estimated profits of $101,300, $120,700 and $144,200 respectively.
He added that in actual execution, the strategy would be split into four to five entries. If the first two long positions are liquidated, the profit from the final position would be enough to cover the related losses.
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