Lookonchain APP

App Store

Well-known trader Killa expects Bitcoin's correction will not be too large, and the range of 70,000 to 73,000 is likely to be the bottom.

2026.08.24 11:46:57

Renowned crypto trader Killa posted a statement yesterday, noting that compared to Bitcoin’s 2022 bottom pattern, he expects the current Bitcoin pullback after a rally to be shallow, with $70,000 to $73,000 likely marking the bottom, and backing a subsequent breakout above the $80,000 mark. “I expect a range to form, allowing accumulation of long positions from chasing highs and liquidity building. The market may even see another liquidation sweep above $79,500 before finally heading toward the $70,000 low, followed by expansion,” Killa said. As a BTC-focused quantitative trader, Killa previously predicted the peak of this bull market in May 2025 and boasts over 200,000 followers on X. In mid-April, he shorted Bitcoin at $74,688, then shifted to long positions during the broad market sell-off on June 5.

Relevant content

IMF Deputy Managing Director Li Bo is set to step down, having played a pioneering role in stablecoin regulation.

According to Caixin, Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), announced that IMF Deputy Managing Director Li Bo will step down upon the expiration of his term on November 30, 2026, and proposed that Liao Min, Vice Minister of China’s Ministry of Finance, take over the post, with the appointment effective December 1, 2026. Over the past five years, Li Bo led the launch of the IMF’s first enterprise risk management policy and roadmap, and promoted the modernization of its data governance framework. Additionally, he has guided the IMF’s work in areas such as digital currencies and cross-border payments, played a pioneering role in stablecoin regulation, and in recent years has led the fund’s initiatives in the field of artificial intelligence (AI).

2 minutes ago

JPMorgan Chase cuts Intel's price target to $80

JPMorgan Chase cuts Intel (INTC.O) price target from $85 to $80.

2 minutes ago

7 on-chain whales bought the dip on BNB, with a total transaction value of $12.08 million.

According to TradingBeats monitoring, BNB on Hyperliquid is currently priced at $715.8, having rebounded roughly 6.8% from its early-morning low of $670.1, though it remains down around 5.2% over 24 hours. During the sharp decline, multiple large accounts concentrated their positions. As of today, seven long positions total approximately $12.0755 million, with a weighted average price of $700.08, generating an unrealized profit of about $258,300; three short positions total roughly $3.2463 million, with a weighted average cost of $708.15, incurring an unrealized loss of around $32,500. The long position value is approximately 3.72 times that of short positions, accounting for 78.8% of these accounts’ bilateral positions. The largest new long position is about $2.498 million, at an average price of $686.05, with an unrealized profit of roughly $102,600 and a floating return of around 42.8%. Additionally, three large accounts flipped from short to long, currently holding a total of approximately $5.12 million in BNB long positions. The market’s overall open interest (OI) has risen roughly 58.2% compared to 24 hours ago, but has dropped around 31.3% from this morning’s peak, with trading volume over the same period at approximately $313 million. The current funding rate is roughly -0.00477% per hour, with shorts paying longs.

2 minutes ago

Crypto whale '58bro.eth' sold 8,000 ETH in the past hour and has withdrawn 10.5 million USDT to repay loans.

According to monitoring by ai_9684xtpa, whale address 58bro.eth (0x58bro) sold 8,000 ETH in the past hour. After redeeming ETH worth over $17.96 million from Aave, the trader transferred the funds to OKX in batches, and has since withdrawn 10.5 million USDT from the exchange to repay loans. Currently, the address still holds 4,911.05 WETH as collateral on Aave, has borrowed 2.51 million USDT, and has a health factor of 3.69.

2 minutes ago

Japanese and South Korean stock markets closed lower. South Korea’s KOSPI index fell 3.5%, while SK Hynix dropped around 7%.

According to Bitget market data, the Nikkei 225 index closed down 1369.36 points on Friday, October 30, a 2.12% decline, to 63290.11 points, dragged lower by tech stocks. South Korea’s KOSPI index closed down 209.62 points on the same day, a 3.53% drop, to 5728.04 points, with SK Hynix falling around 7% and Samsung Electronics declining roughly 3%.

2 minutes ago

Shortly after OpenAI announced it would double its usage quota, it was revealed that ChatGPT and Codex will share the same quota in December.

Beating AI News Brief: Tibor Blaho, nicknamed "Bald Guy" for frequently breaking AI product updates, found a new notice hidden on ChatGPT’s web subscription checkout page: “Starting December, ChatGPT and Codex will share plan usage limits.” Yesterday, another user spotted a prompt about merging Chat and Work features on ChatGPT. Tibo later clarified that the team plans to integrate the two this year, but no official launch has been announced. It now appears OpenAI is not only unifying its chat and work interfaces, but may also adjust usage limit calculations. In fact, Claude has long operated this way—surprisingly, ChatGPT is finally following suit. However, OpenAI had just announced it would double usage limits for its Pro and other plans when this unpublicized new rule was uncovered. This looks like a bait-and-switch trick, treating users like monkeys.

2 minutes ago

Popular tokens

BitcoinEthereumHyperliquidSolanaTRONBNBTetherAaveXRPPepeFartcoinOndoJupiterUniswapBonkPendleEthenaArbitrumAvalancheLidoChainlinkPolygonDogecoinCardano