X @Doctor Profit 🇨🇭

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]