Crypto trader Doctor Profit said on X that he previously exited his Bitcoin holdings and opened a large short position when BTC topped out near $124,000 last year. He later closed that short when the market sold off and Bitcoin fell to around $60,000, then switched to buying spot. According to his latest post, all short positions were closed in the $60,000 area before he began accumulating spot exposure. Now, one year later, he says he has once again opened short positions in Bitcoin, this time in the $86,500 to $89,500 range. He added that he also placed large short orders between $88,000 and $89,500. The remarks were cited by ChainCatcher as a market update.
According to ChainCatcher, crypto trader Doctor Profit said on X that he exited his Bitcoin holdings and opened a large short position when BTC topped near $124,000 last year.
He said he later closed that short after the market sell-off in 10 and 11 pushed Bitcoin down to around $60,000, and then turned to spot buying. Doctor Profit added that he closed all of his short positions in the $60,000 area and began buying spot.
He also said that, one year later, he has once again opened Bitcoin shorts in the $86,500 to $89,500 range, with large short orders placed between $88,000 and $89,500.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
