Doctor Profit Ditches Shorts, Bets Big on Bitcoin Spot Market

Renowned crypto trader Doctor Profit has closed all his cryptocurrency short positions, including those on Bitcoin. He had established a short position in the $115,000 to $125,000 range and another in the $79,000 to $82,000 range, as well as over 100 altcoin short positions.

These positions have realized substantial profits for Doctor Profit. He has now reentered the Bitcoin spot market at $64,000, marking his first long-term position since September 2025. His plan is to allocate 5% of his planned funds into spot Bitcoin purchases daily while Bitcoin is in the $54,000 to $64,000 range.

Doctor Profit believes there's a clear presence of 'herd behavior' in the current market. Many investors who were previously bullish at highs of $150,000 are now waiting for Bitcoin to drop to the $40,000 to $50,000 range, viewing September or October as the bottom of the four-year cycle.