According to TechFlow news, on July 19, well-known crypto trader Doctor Profit stated that he has closed all previous crypto short positions, including short positions established for Bitcoin in the $115,000 to $125,000 range and the $79,000 to $82,000 range, as well as multiple altcoin short positions arranged over the past few months, and stated that significant profits have been locked in.
He also announced that he is buying Bitcoin spot for the first time since September 2025, and started long-term allocation at $64,000. His strategy is when Bitcoin is in the $54,000 to $64,000 range, buy 5% of the planned funds daily, executed for up to 20 days; if the price falls further to near $54,000, he will increase buying intensity.
Doctor Profit believes that Bitcoin has currently entered a key technical range, and market sentiment has also clearly turned pessimistic. More and more investors consistently expect the $40,000 to $50,000 region to become the bottom, and this consistent expectation often means the market may not provide the same opportunity. Based on this, he judges that the bottom of this cycle may appear earlier than the "four-year cycle" timing generally expected by the market.
Besides technical aspects, he also pointed out that regulatory clarity, advancement of tokenization infrastructure, and warming institutional participation are changing Bitcoin's market structure, including the advancement of the CLARITY Act, Coinbase institutional business expansion, BlackRock ETF ecosystem improvement, and factors such as traditional financial institutions participating in DTCC tokenization pilots, all may drive more institutional funds into the crypto market.
Additionally, he stated he will continue to hold S&P 500 index short positions, believing that the crypto market and US stocks are currently not synchronized, and after crypto assets experienced significant corrections earlier, if US stocks weaken subsequently, some funds may shift to the crypto market which has relatively lower valuations.
