Killa, a cryptocurrency investor and trader, plans to short Bitcoin in the $89,000 to $94,000 price range to hedge against 50% of their Bitcoin exposure.
The decision comes as Killa looks to mitigate potential losses due to the highly volatile nature of cryptocurrencies.
Killa's plan is to use the proceeds from selling short to potentially buy back Bitcoin at a lower price in the future, thus locking in profits.
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