Trader Killa: Bitcoin Unlikely to Drop to $50,000 in October, $62,000 Likely the Cycle Bottom

Prominent quantitative trader Killa stated that historical market cycles suggest a diminishing depth in bear markets, making a drop to $50,000 in October highly improbable. While Killa identifies $62,000 as the likely bottom for the current cycle, he warned that a decline to $61,000 could trigger $20 billion in long liquidations, noting that market makers may have an incentive to liquidate these positions before accumulating further. Killa, who has over 200,000 followers on X, previously predicted the current bull market peak in May 2025 and has actively ad