Prominent Trader: Has Started Long Position on Bitcoin, Expects New Price High Before Next Halving, Targets $160,000

BlockBeats News, June 5th, renowned trader Killa (@KillaXBT) announced that he has officially opened a long position on Bitcoin, with a stop-loss price of $31,950 and a target price of $160,000.

Killa believes that the proportion of profitable addresses at each of Bitcoin's historical bear market bottoms has been gradually increasing: 35.82% in 2015, 40.47% in 2019, 45.11% in 2022, and currently 51.12% in 2026, with each increase being around 5%. The current position aligns with this trend, indicating a possible price bottom. Killa also emphasized that the current position is mainly spot and low leverage, but attention should still be paid to the risk of a pullback.

On the other hand, changes in the holding structure have also accelerated Bitcoin's bull-bear cycles, with the last cycle hitting a new high before the halving. This cycle may hit a new high again in April 2028 before the next halving, with a final target price of $160,000.

As a quant trader focusing on BTC, Killa accurately predicted the peak of this bull market in May 2025 and has over 180,000 followers on Platform X. In mid-April, he shorted Bitcoin at $74,688.