Prominent Trader: Bitcoin Sees 'Protective' Buy Wall on Binance Market

BlockBeats News, June 6th – Renowned trader Killa (@KillaXBT) stated that today, after Bitcoin fell below $60,000, a large buy wall appeared on the BTC market on Binance, referred to as the "plunge protection team," making a comeback.

Killa also pointed out that after similar buy walls have appeared in the past, Bitcoin has often exhibited a pattern of short-term suppression followed by a rebound.