Trader Doctor Profit Closes All Shorts and Resumes Bitcoin Spot Buying
2026-07-19 15:36

Woofun AI reports that prominent trader Doctor Profit has closed all cryptocurrency short positions, including Bitcoin shorts established in the $115,000 to $125,000 and $79,000 to $82,000 ranges, alongside over 100 altcoin shorts opened recently. He stated these positions generated substantial profits.

He reentered the Bitcoin spot market at $64,000, marking his first long-term position since September 2025. His strategy involves allocating 5% of planned funds to daily spot purchases while Bitcoin trades between $54,000 and $64,000, for up to 20 days, with increased intensity if prices approach $54,000. He cited regulatory clarity, asset tokenization infrastructure, and institutional adoption as reasons for this shift, retracting his previous prediction of a drop to $40,000 to $50,000. He maintains a short position on the S&P 500 index, believing U.S. stock valuations remain high despite crypto repricing.

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Tags:
Bitcoin
altcoin
Doctor Profit
BlockBeats
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