The trader said he took profit on a BTC short opened near $120,000 on July 18, began buying BTC and ETH, and later built larger long-term positions tied to BlackRock-linked crypto infrastructure.
Trader Doctor Profit said he closed a Bitcoin short opened near $120,000 on July 18, locking in profit while keeping his stock shorts in place. He said he then began dollar-cost averaging into BTC and ETH and later built large long-term positions in Circle, Coinbase and ETH, which he called the "galactic big three." He added that he rebalanced his crypto allocation to 60% ETH and 40% BTC, arguing the current correction is concentrated in AI stocks rather than broad selling in Bitcoin and Ethereum, and that BlackRock-linked infrastructure and the proposed CLARITY Act could favor Ethereum, Circle and Coinbase more than Bitcoin.