Crypto Pundit Dumps Bitcoin Holdings Sub-$100,000, Lists Reasons Why It’s Time To Short
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As the chain data shows Sell the whale A large quantity. This price has fallen In the original bullish news Donald Trump signs executive order for Strategic Bitcoin Reserves (SBR). Despite this, there is a lack of bullish momentum Possibility The bearishness extends from here.
A well-known crypto analyst, doctor’s profit, alerted the major corrections to Bitcoin prices. In a detailed post on social media platform X, he outlined the reasons for his shift, believing that the current market conditions marked the first big start Bitcoin’s correction for this cycle.
Strategic Bitcoin Reserve: A Misunderstanding Narrative?
Popular crypto analyst doctor profit Revealed this He is selling a large portion of his shares and entering short positions. Notably, analysts pointed out recent news around the strategic Bitcoin reserves as a key factor in making him reassess the bullish stance. He stressed that while retail investors see it as a game-changing development, large players and whale investors have already priced as impact.
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Many crypto investors expect the U.S. government to accumulate bitcoin in order to strengthen reserves. But the executive order no longer expects pressure on Bitcoin to buy, but instead targets Bitcoin with previous seizures, overwhelming bullish investors.
According to doctors’ profits, a decision earlier than expected than the policy was signed indicates a change in market dynamics. His expectation is that the move will be achieved in a few months, allowing Bitcoin’s price to maintain its upward momentum before the first major correction. Instead, he now considers it as a primer Long-term decline.
Is this the beginning of Bitcoin’s first major correction? Woch’s price level
Dr. Profit firmly believes that Bitcoin has not yet experienced it Correct appropriately during this cycle, Noting the bull market trend, assets fell by at least 40-50% before reaching new all-time highs. He believes recent developments are the ultimate driving force, before a 40% to 50% drop. Therefore, analysts point out that this is an ideal window to distribute sell orders and enter short positions.
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His outlook shows that his premise is as low as $50,000 to $60,000 before Bitcoin resumes its long-term bullish trajectory. Breaking down his trading strategy, he revealed that he has sold 50% of his Bitcoin holdings, with his accumulation of $16,000. He placed short-term orders in the range of $90,000-$102,000 with a target profit of $74,000 of the first alternative profit level, followed by a complete exit in the region of $50,000 to $60,000 and full buyback for double holding.
Despite his short-term bearish outlook, analysts insist on Bitcoin Finally a gathering $120,000-$130,000 new high. At the time of writing, Bitcoin trades at $86,530.
Featured images from Unsplash, charts from TradingView.com
