Well-known trader Killa: It is almost impossible for Bitcoin to fall to $50,000 in October

On August 29, well-known trader Killa issued a document tonight saying that data from several rounds of Bitcoin's bull-bear cycles indicate that the depth of the bear market is gradually becoming shallower, and the bottom of this cycle may have been formed. Some short-sellers are looking forward to "October." Falling to $50,000 is almost impossible." However, Killa also pointed out that if Bitcoin currently falls downward to US$61,000, the expected value of multiple orders will be as high as US$20 billion. Market makers have the motivation and possibility to clear multiple orders and then open positions.