A BTC-focused quantitative trader named Killa argues that data from multiple bull and bear cycles show bear-market drawdowns are becoming milder, with the bottom of the current cycle possibly already in place, ChainCatcher reports.

He contends that the scenario of Bitcoin slipping to $50,000 in October is highly unlikely.

Looking further, Killa says that if Bitcoin were to fall to around $61,000, long liquidations could total as much as $20 billion. He notes that market makers may have both the incentive and the capacity to liquidate long positions and then rebuild exposure.

As background, Killa is a BTC-focused quantitative trader who previously predicted the peak of this bull market in May 2025 and has more than 200,000 followers on X. He says he shorted Bitcoin at $74,688 in mid-April and switched to a long stance on June 5 amid a broad market decline.