Prominent Trader: Has Started Long Position on Bitcoin, Expects New Price High Before Next Halving, Targets $160,000
On June 5, prominent crypto trader Killa (@KillaXBT) announced he has opened an official long position in Bitcoin, setting a $31,950 stop-loss and $160,000 price target.
Killa’s bullish thesis rests on a consistent upward trend in the proportion of profitable Bitcoin addresses at each historical bear market bottom: 35.82% in 2015, 40.47% in 2019, 45.11% in 2022, and 51.12% in 2026. Each cycle has seen roughly a 5% jump in this metric, which he says signals a potential price floor for Bitcoin’s current market. He added his position is mostly spot with low leverage, though he cautioned investors to stay alert to pullback risks.
Additionally, Killa noted that shifts in Bitcoin’s holding structure have accelerated its bull-bear cycles. The last cycle hit a new all-time high ahead of the halving, and he projects this cycle will reach another peak in April 2028 before the next halving, with a final $160,000 target.
As a Bitcoin-focused quant trader, Killa accurately predicted the peak of
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Citi Warns: Global Stock Markets Are at Their Most Serious Bubble Level Since the 2008 Financial Crisis
June 5 — Citigroup is warning that the global stock market is currently in its most severe bubble territory since the 2008 financial crisis, with 10 of 18 risk indicators on the firm’s global bear market checklist now triggered.
Concerns center on several key drivers: rising valuations, broadly bullish investor sentiment, surging AI-related spending, and a pickup in initial public offering (IPO) activity. While Citigroup maintains an optimistic outlook for the stock market by year-end, the alert signals that if these risk signals continue to climb, the popular "buy the dip" investment strategy could grow increasingly risky.
3 minutes ago
JPMorgan Chase Upgrades Tesla Rating to "Neutral," Bullish on Its AI and Hardware Integration Ability
June 5: JPMorgan Chase upgraded Tesla’s stock rating from Underweight to Neutral, noting the company’s value is increasingly tied to autonomous driving, robotics, artificial intelligence, and software rather than short-term electric vehicle earnings. The firm raised its price target on the stock from $145 to $475, citing Tesla’s strong hardware-software integration and long-term growth potential. Still, the bank warned that regulatory, safety, and execution risks remain substantial.
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Current mainstream CEX and DEX funding rates indicate the market has turned significantly bearish
**June 5 Update: Per Coinglass data, Bitcoin continued its steep plunge today, hitting a low of $61,126.01. Funding rates across major centralized (CEX) and decentralized exchanges (DEX) show a significant return to bearish market conditions—specific figures are available in the attached image.**
BlockBeats Note: The funding rate is a mechanism used by cryptocurrency exchanges to maintain parity between perpetual contract prices and the prices of their underlying assets. It facilitates value exchange between long and short traders; trading platforms do not charge this fee. The funding rate adjusts the holding costs or profits of contract positions to keep perpetual contract prices closely aligned with the spot price of the underlying asset. When the funding rate stands at 0.01%, it marks the baseline level. Rates above 0.01% generally indicate bullish market sentiment, while rates below 0.005% typically signal a bearish market.
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Grayscale Hyperliquid ETF Sees $4.7 Million Net Inflow on First Day, with Total Cumulative Inflows for Such ETFs Reaching $145 Million
June 5 — According to Hyperinsight monitoring, Grayscale’s Hyperliquid Spot ETF (HYPG) officially launched on June 4, drawing $4.7 million in net inflows on its first day of trading.
That same day, total net inflows across all Hyperliquid ETF products hit $12.2 million. BHYP saw $7.5 million in net inflows, HYPG contributed the $4.7 million, and THYP recorded roughly balanced inflows and outflows.
Since this product category launched, it has maintained a consistent net inflow trend, with total cumulative inflows now reaching $145 million — signaling sustained institutional demand for allocations in this space.
For context: 21Shares was the first to roll out THYP on May 12, followed by Bitwise’s BHYP launch on May 15, and Grayscale’s HYPG is one of the most recent additions to this ETF line.
A quick update: The HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group, set it as an admin (and enable message-sending permissions) to automatically sync on-chain informat
3 minutes ago
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