Doctor Profit, a closely followed trader in the cryptocurrency market, announced that he has closed all his short positions in Bitcoin and altcoins and has resumed buying spot BTC.
Doctor Profit stated that among the positions he closed were a short position opened when Bitcoin was between $115,000 and $125,000, as well as another Bitcoin short position created in the $79,000 to $82,000 range. The trader also said that he closed all of the short positions he had opened for more than 100 altcoins in the last few months and made significant profits from these trades.
Doctor Profit announced that it repurchased Bitcoin on the spot market at the $64,000 level. He stated that this purchase marks his first long-term Bitcoin investment since September 2025.
According to the trader’s plan, as long as the Bitcoin price remains between $54,000 and $64,000, he will make daily spot purchases using 5% of his total investment capital. This strategy is planned to last for a maximum of 20 days, and the amount purchased will be increased if Bitcoin approaches the $54,000 level.
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Doctor Profit stated that he observed a significant “herd behavior” in the current market conditions. He noted that many investors who previously predicted Bitcoin would rise to $150,000 now expect the price to fall to the $40,000 to $50,000 range.
The trader noted that the general market expectation is that the bottom of the four-year cycle will occur in September or October, but argued that the fact that many investors are expecting the same price level and the same time frame could lead to the market behaving differently.
Therefore, Doctor Profit, who explained that he started forming his positions earlier than the general market expectation, believes that the bottom in Bitcoin may be seen sooner than investors anticipate.
Doctor Profit cited increased clarity in cryptocurrency regulations, advancements in asset tokenization infrastructure, and progress in institutional adoption as structural reasons behind its shift back to buy.
The trader also announced that he was retracting his previous prediction that Bitcoin would fall to the $40,000 to $50,000 range.
*This is not investment advice.
