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Apr 5, 2026 upd. 8 Jun
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Short-term holders drive Bitcoin toward $63,000 support amid selloff

2 min

Title: Trader KillaXBT warns of BTC liquidity sweep to $63K; short‑term holders sell

A top X trader sees a near-term drop in Bitcoin toward $63,000. On-chain data shows short‑term holders are net selling, adding pressure.

In an April 4 post, KillaXBT outlined a bearish weekly structure and liquidity-driven moves that could push price lower. The trader cites repeated liquidity “sweeps” on both sides of the range, followed by rejections and a bearish weekly close source.

Key levels from the thread:

  • Revisit to ~$71,500 to clear late shorts, then rejection source
  • $64,900 lows exposed for another liquidity sweep source
  • Break of external range lows near $63,000 in the mid-term source
  • Potential rebound path toward ~$72,800 after the sweep source

The trader notes recent recovery is leverage-driven. If buy-side fuel fades, downside liquidity pockets could get tagged first source.

On-chain supports the caution. The Short-Term Holder Net Position Change turned negative, indicating investors with sub‑155‑day coins are distributing. This cohort often reacts quickly, and their selling tends to align with near-term pullbacks source.

Bitcoin market structure and flows