Trader Doctor Profit said he has sold all of his QNT holdings and taken profits after the token’s sharp move over the past few days. According to his statement, QNT climbed from $50 to $374 in a matter of days, creating what he described as substantial gains during the rally. He also pointed to elevated funding rates in the market, saying that the reading suggests long positioning has become crowded. In addition, Doctor Profit said he has observed some large holders quietly selling while still encouraging the market to keep buying through public channels. The remarks were reported by BlockBeats on Sept. 28.
BlockBeats reported on Sept. 28 that trader Doctor Profit said he has sold all of his QNT holdings and locked in profits.
Doctor Profit said QNT rose from $50 to $374 within a few days, and that the move had already produced sizable gains. He added that funding rates are currently high, which in his view shows long positioning has become crowded.
He also said he has observed some large accounts quietly selling while still encouraging the market to continue buying through public channels.
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