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Renowned trader: Has started going long on Bitcoin, expecting a new high in price before the next halving, with a target price of $160k.
BlockBeats News, June 5 — Well-known trader Killa (@KillaXBT) announced that he has officially opened a long position on Bitcoin, with a stop-loss at $31,950 and a target price of $160k.
Killa believes that the proportion of addresses in profit at Bitcoin’s bear market lows has been gradually increasing: 35.82% in 2015, 40.47% in 2019, 45.11% in 2022, and currently 51.12% in 2026, increasing by about 5% each time. The current position aligns with this trend, which may indicate that the price has bottomed out. Killa also emphasizes that the current holdings are mainly spot and low-leverage positions, and traders should remain cautious of potential pullbacks.
On the other hand, changes in the holding structure also accelerate Bitcoin’s bull and bear cycles. The previous cycle reached a new high before the halving, and this cycle may reach a new high again before the next halving in April 2028, with an ultimate target price of $160,000.
As a quantitative trader focused on BTC, Killa predicted the top of this bull market in May 2025 and has over 180k followers on the X platform. In mid-April, he shorted Bitcoin at $74,688.