Well-known trader Killa (@KillaXBT) reported that after Bitcoin dropped below the $60,000 level, a large buy wall emerged just under the market price on Binance’s BTC pair. He called it the return of the “plunge protection team”—a term used by crypto traders to describe big-money buy orders that appear during price crashes to create a floor.
Killa also shared historical data showing that in previous instances of such buy walls, Bitcoin often experienced a short-term dip before staging a rebound. This pattern serves as a reference for his short-term outlook. The observation has sparked discussion among traders monitoring bullish and bearish forces.
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