Doctor Profit says he increased 13000000 USD BTC short position, targeting a pullback to 79000 USD
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AT A GLANCE
Doctor Profit said Bitcoin may pull back to 79,000 USD, but believes the bull market will continue after the correction.
Article
Prominent trader: Bitcoin may pull back to 79,000 USD, and the bull market will continue after the correction ends.
BlockBeats reported that on September 24, prominent trader Doctor Profit said he had increased his Bitcoin short position to 13000000 USD, expecting BTC to undergo a pullback, with a target price of 79,000 USD. He will decide on his next steps based on price performance after Bitcoin reaches this level.
He also stressed that this short position does not mean he is bearish on the long-term trend. He believes Bitcoin's bear market has ended, and that the current expectation is only a temporary correction within the bull market; once the pullback ends, Bitcoin's bull market will continue.
Original link:https://m.theblockbeats.info/flash/368780
Key points
01
BlockBeats reported on September 24 on trader Doctor Profit's assessment of Bitcoin's price trend.
02
Doctor Profit said he increased his Bitcoin short position to 13000000 USD。
03
Doctor Profit expects BTC to undergo a pullback, with a target price of 79,000 USD。
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Doctor Profit said he will decide on his next steps based on price performance after Bitcoin reaches this level.
05
Doctor Profit believes Bitcoin's bear market has ended and that the expected pullback is only a temporary correction during the bull market.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is a trader's market assessment: he is betting on a short-term decline in Bitcoin and views 79,000 USD as the pullback target; however, he still believes Bitcoin is in a bull market over the long term.
Why it matters to readers
This view combines a short-term bearish outlook with a long-term bullish outlook and may serve as a reference for observing market sentiment, but the original report does not indicate that the forecast has been realized.
Beginners should distinguish a trader's forecast from facts that have already occurred; a short position represents a bet that the price will fall and does not guarantee that the price will reach the target.
Risks and unknowns
The original report does not provide independently verifiable position records; the 13000000 USD short position is solely Doctor Profit's self-report.
79,000 USD is Doctor Profit's forecast target, not a price outcome that has already occurred.
The original report does not state whether the pullback will occur, when it will occur, or when it will end.
“The bear market has ended” and “the bull market will continue” are both Doctor Profit's personal assessments and remain unconfirmed.
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Short Position
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