Bitcoin’s bear-market declines have become progressively shallower across several bull-bear cycles, trader Killa said, suggesting the current cycle may already have established its bottom. He said a fall to $61,000 could produce an estimated $20 billion in liquidations of long positions, creating an incentive for market makers to force closures before rebuilding positions. Killa, a BTC-focused quantitative trader with more than 200,000 followers on X, predicted the current bull-market peak in May 2025. He shorted Bitcoin at $74,688 in mid-April and switched to a long position on June 5 during a broad market decline.