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X @Doctor Profit πŸ‡¨πŸ‡­
For those still fooled thinking the bull is β€œabout to start” wake up. It started in Jan 2023. BTC has been moving up for 2 years and 8 months!In 2015-2017 bull market lasted 820d2019-2021 bull market lasted 1004dCurrent "bull market" lasting 1035d..You’re late! ...
X @Doctor Profit πŸ‡¨πŸ‡­
Market Analysis & Trends - Bitcoin's average retail entry price for long positions is between $117,000 and $122,000, with most positions opened in the last 3 months [1] - Whales holding 1,000-10,000 BTC have sold $13 billion of BTC in the last 30 days, the largest sell-off since July 2022, dumping approximately 116,000 BTC [2] - Bitcoin spot ETF flows have slowed to approximately 500 BTC per day since early August, indicating less new capital and increased profit-taking pressure [2] - Altcoins are experiencing rallies, causing Bitcoin dominance to drop, which is viewed as a distraction while larger players sell BTC [2] Trading Strategy & Positioning - The analysis suggests a distribution phase in the $115,000-$125,000 range, where whales are taking profits [1][2] - The analyst has taken a 100% short/USDT position, closing all spot positions, with profit-taking executed between $115,000-$125,000 [2] - The strategy involves taking profits above $115,000 and entering short positions in the $115,000-$125,000 range [2] Risk Assessment & Liquidity - Altcoins are heavily over-leveraged long, making the space fragile [2] - Significant liquidity is present on the downside, particularly in the $90,000-$106,000 region [2]
X @Doctor Profit πŸ‡¨πŸ‡­
Market Analysis & Trends - The average retail entry price for Bitcoin longs and spot positions is between $117,000 and $122,000, with most positions opened in the last 3 months [1] - Whales holding 1,000-10,000 BTC have sold off $13 billion of BTC in the last 30 days, the largest sell-off since July 2022, dumping approximately 116,000 BTC [2] - Bitcoin spot ETF flows have slowed since early August to approximately 500 BTC per day, indicating reduced new capital and increased profit-taking pressure [2] - The $115,000-$125,000 zone is considered a massive profit-taking area for whales and big players, with a likely move to the downside following this phase [2] - Altcoins are rallying as market makers sell BTC, creating a distraction, with many high-gaining altcoins being newly listed and exchange-pumped coins [2] Trading Strategy & Positioning - The strategy is to take profits above $115,000 and enter short positions in the $115,000-$125,000 range [2] - Liquidity is heavily concentrated on the downside, extending from $106,000 down to $90,000 [2] - The analyst has closed out all spot positions and is 100% in shorts/USDT, with profit-taking executed between $115,000-$125,000 [2] Economic Factors - The market is anticipating a 25bp rate cut by the FOMC, which is already priced in [3] - Yields crashed -16% into the Fed's first cut in 2024, leading markets to rush into bonds [4]
X @Doctor Profit πŸ‡¨πŸ‡­
From now on, the Sunday reports cover twoBTC + Stock Market combined in one reportSunday report is all you need to know ...
X @Doctor Profit πŸ‡¨πŸ‡­
I called the 68k top in 2021I called for 18k to be the bottomWe hit 18k with perfection and I boughtBought at 18k with all profits from 68kNow at 115k I started to take profits againWill be buying much lower soon.. ...
X @Doctor Profit πŸ‡¨πŸ‡­
Not everyone was given the wisdom and humbleness to be capable to buy Bitcoin at the absolute bottom at 16-18k. Indeed, DrProfit bought the absolute bottom!Now I’m more than happy to sell into the new entry of retails! Best of luck to you! ...
X @Doctor Profit πŸ‡¨πŸ‡­
No one speaks about the extreme spike in open interest and the over leveraged altcoin market right now. The last time we saw these open interest levels was December 2024, right before the correction from 108k to 90k region.. ...
X @Doctor Profit πŸ‡¨πŸ‡­
Hey @grokWhat is @DrProfitCrypto accuracy rate in terms of Bitcoin predictions? ...
X @Doctor Profit πŸ‡¨πŸ‡­
Catch me if you can https://t.co/MulzjMdPPA ...
X @Doctor Profit πŸ‡¨πŸ‡­
Bitcoin is now at the exact same price it was 3 weeks ago where I entered the last short at $115,200 region which is loacated in my short area. Every day Bitcoin moves in the range of 115-125k is adding more shorts! ...