ChainCatcher reported that crypto trader Killa (@KillaXBT) shared a screenshot and described the setup on Binance as “textbook,” saying the exchange’s so-called “plunge protection team” is back. According to his post, large bid orders were stacked beneath the spot price of Bitcoin, a structure he said often leads market makers and trading algorithms to step in ahead of those resting bids for a period of time. The screenshot showed multiple horizontal bid levels beginning below roughly $62,000, with the heaviest and most visible buying interest clustered around $58,000 and lower. Killa linked the pattern to the market action on June 6, when Bitcoin fell through $60,000 and large buy orders appeared below the BTC market price on Binance. ChainCatcher also noted Killa’s background as a BTC-focused quantitative trader with more than 200,000 followers on X. The report added that he had called the top of the current bull market in May 2025, opened a short at $74,688 in mid-April, and flipped long during the broad market sell-off on June 5.
ChainCatcher reported that well-known trader Killa (@KillaXBT) posted a screenshot calling the latest Binance order-book setup “textbook” and said the exchange’s “plunge protection team” is back.
Killa said that when large bid orders begin to sit just below price, market makers and algorithms often move to front-run those bids for a time.
Bid layers appeared below roughly $62,000
According to the screenshot he shared, multiple horizontal lines were visible below Bitcoin’s spot price starting at around $62,000. The densest and most obvious layer of buying interest was clustered near $58,000 and below.
Killa said that after Bitcoin plunged through $60,000 on June 6, large buy orders appeared beneath the BTC market price on Binance. He described that pattern as the return of the “plunge protection team.”
Killa’s previous public calls
ChainCatcher described Killa as a BTC-focused quantitative trader with more than 200,000 followers on X. The report said he had called the top of the current bull market in May 2025. It also noted that he shorted Bitcoin at $74,688 in mid-April and turned bullish on June 5 during a broader market decline.
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