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It's an immediate plot hole if he's alive. He had absolutely no way to live through Hawkeye.
No body no death. That scene cuts to a wide shot of a muzzle flash and thats it. Also that trailer made it seem like at least the kingpin scene was a flashback to well before the events of hawkeye.
He shows supernatural strength and toughness in the Hawkeye series. He shrugged off a bomb to the face and a car and an arrow to the shoulder. He probably got something like the supersoldier serum in him now.
There used to be a saying about Marvel Comics: Nobody stays dead except Uncle Ben and Bucky. Then, they brought Bucky back to life.
Time for super soldier Uncle Ben
That idea was actually taken from the comics. He survived after she shot him in the eye, and now he's missing it.
Pretty much no one would be alive in the MCU if it operated on the same logical rules as ours does lol