According to ChainCatcher, crypto trader Doctor Profit said he has closed all of his cryptocurrency short positions, including a Bitcoin short opened in the $115,000 to $125,000 range, another Bitcoin short built in the $79,000 to $82,000 range, and more than 100 altcoin shorts opened over the past several months. He said those positions all produced large profits.
He also said he bought spot Bitcoin again at $64,000. He described the move as his first long-term allocation since September 2025.
Spot Bitcoin buying plan
Doctor Profit said he plans to deploy 5% of his intended capital each day when Bitcoin trades between $54,000 and $64,000, for up to 20 days. If the price moves closer to $54,000, he said he will increase the pace of buying.
View on current market behavior
He said the market is showing clear “herd behavior.” In his view, investors who had previously turned bullish at higher levels and were calling for $150,000 are now broadly waiting for Bitcoin to fall to $40,000 to $50,000, while treating September or October as the bottom of the four-year cycle.
Doctor Profit said that when a large number of investors wait for the same price levels and the same time window, the market may not move as expected. On that basis, he said he chose to start building positions earlier and believes the bottom in this cycle could arrive earlier than the broader market expects.
Why he turned buyer again
He listed regulatory clarity, infrastructure for asset tokenization, and progress in institutional adoption as structural reasons behind his shift back to buying. He also withdrew his earlier forecast that Bitcoin would fall to $40,000 to $50,000.
Even so, he said he is still holding all of his S&P 500 short positions because he believes the crypto market has already gone through a significant repricing, while U.S. equities still carry elevated valuations.