Analyst Who Shorted Bitcoin at $123,000 Shifts Into Accumulating BTC – But There’s a Catch

One of the few analysts who accurately called Bitcoin’s 2025 top says that he’s starting to buy BTC again.

The pseudonymous analyst KillaXBT tells his 180,000 followers on X that Bitcoin is likely nearing a market bottom after its massive decline since October, and he is now accumulating BTC.

However, he warns that Bitcoin may trade sideways until September.

“BTC has already corrected 51% from its highs, and I believe the most we might see is another 10%-15% downside before a macro bottom forms. When investing and scaling into spot, I don’t focus on catching the exact bottom, I scale gradually as opportunities present themselves…

My swing short from $72,800 is part of this strategy. I may take scalps in between, but in terms of macro perspective, I estimate another four to six months before we reach a full bottom. This also means we should be prepared for increased chop.

So yes: as a trader, I’m shorting from the highs; as an investor, I’m gradually accumulating. Two strategies, different goals, same market. To be clear: as a trader, I’m trading the trend; as an investor, I’m gradually buying into the spot market.”

The analyst also says he expects Bitcoin to eventually break through its current all-time high of about $126,000, which BTC hit in October 2025.

“My next swing will likely be a long to new highs. The time for swing shorts is over.”

Bitcoin is trading for $67,723 at time of writing, flat on the day.

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