Is the 'Binance Buy Wall' Well-Founded? Bitcoin Slips Below $64,000.
2026.07.24 22:06:43
According to HTX market data, Bitcoin has fallen below $64,000, currently trading at $63,981.00, with a 24-hour decline of 1.51%. Earlier, prominent trader Killa (@KillaXBT) noted, “Binance’s plunge protection team is back. Typically, when large buy orders start lining up just below the price, market makers and algorithms tend to temporarily front-run them.” His screenshot shows multiple horizontal lines appearing below Bitcoin’s current price starting around $62,000, with the densest and most prominent buy wall located near and below $58,000. A similar scenario occurred during the market-wide crash night on June 6.
Analysis: BTC is in a descending wedge compression pattern, awaiting a directional breakout; total market cap expansion for altcoins has not yet begun.
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