According to BlockBeats, crypto trader Doctor Profit said on July 19 that he has closed all of his cryptocurrency short positions.
He said those trades included a Bitcoin short opened in the $115,000 to $125,000 range, another Bitcoin short established between $79,000 and $82,000, and more than 100 altcoin shorts opened over the past several months. He said all of those positions delivered large profits.
Spot Bitcoin buying resumes
Doctor Profit also said he bought spot Bitcoin again at $64,000. He described it as his first long-term allocation since September 2025.
Under the plan he shared, he will deploy 5% of his intended capital per day to buy spot Bitcoin while the asset trades in the $54,000 to $64,000 range, for as long as 20 days. If the price moves closer to $54,000, he said he will increase the pace of buying.
Why he moved early
Doctor Profit said the market is showing clear herd behavior. In his view, investors who had previously turned bullish at higher levels and looked for Bitcoin to reach $150,000 are now broadly waiting for a drop to $40,000 to $50,000, with September or October seen as the bottom of the four-year cycle.
He said that when large numbers of investors are watching for the same price levels and the same time window, the market may not follow that consensus path. On that basis, he said he chose to start building a position early and now believes the bottom in this cycle could arrive sooner than the market expects.
Structural reasons and remaining shorts
He also cited regulatory clarity, tokenization infrastructure, and institutional adoption as structural reasons behind his shift back to buying. At the same time, he said he is withdrawing his earlier call that Bitcoin would fall to $40,000 to $50,000.
Doctor Profit added that he is still keeping all of his S&P 500 short positions. His view is that crypto has already gone through a substantial repricing, while U.S. equities remain expensive on valuation.