Killa: Macro narrative lags behind Bitcoin price impact, market volatility aims to clear leverage

Renowned trader Killa stated that macro narratives are often disruptive, with BTC prices typically moving ahead of macro trends and correlations lagging behind. Killa analysis states that BTC has been experiencing repeated volatility recently, and the market is clearing leverage by hunting long positions below previous lows. Such low sweeping behavior indicates that the market will mark a local bottom and expand towards a high point. Killa shorted BTC at $74688 and turned long on June 5th.