Well-known trader: Closed half of SpaceX position, short squeeze is unfolding as expected
BlockBeats reports that on June 16, well-known trader Killa (@KillaXBT) stated that half of his SpaceX position has been closed. From a fundamental perspective, it is overvalued. However, the momentum is there, the hype is present, the low float narrative is effective, and the short squeeze unfolded exactly as expected.
On the day SpaceX went public, Killa warned retail investors: Do not short SpaceX, do not go against BlackRock, Fidelity, and Vanguard.
Killa, a quantitative trader specializing in BTC, previously predicted the peak of this bull market in May 2025. He has over 200,000 followers on the X platform. In mid-April, he shorted Bitcoin at $74,688, and shifted fully to long positions during the market-wide downturn on June 5.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Greif SVP, Chief Commercial Officer Timothy Bergwall sells 2,000 common shares worth $166,289.60
8x8 Director Andrew Burton disposes of USD 194,267.32 in common shares
Progyny Insider Sold Shares Worth $321,358, According to a Recent SEC Filing
Progyny director Kevin K. Gordon disposes of 22,000 common shares worth $609,421.30
Crypto prices
More
