- Reputed silver-tongued analyst sells everything.
- He predicts a possibility for a COVID-style crash.
- With war possibilities running high, he encourages hedge trading to preserve capital.
The price of Bitcoin (BTC) continues to show high volatility as the price moved from $106,000 to $108,000 and then back to $106,000 in a matter of hours. While most analysts remain bullish, one analyst sells everything. He says that there is a very high possibility for a huge COVID-style market crash and proceeds to sell all his stocks and altcoin holdings, including 25% of his BTC holdings.
Silver-Tongued Analyst Sells Everything
A reputed analyst known for his many accurate silver-tongued predictions of the stock and crypto markets makes another bold move. Doctor Profit , the analyst who predicted the prolonged correction phases’ exact start and end events for Bitcoin (BTC) falling to $70,000 and back up to $90,000 between Q1 and Q2 of 2025, is making another bold move. Will his prediction be right again?
As we can see from the post above, Doctor Profit admits to selling everything . To highlight, as the post confirms, the analyst sold all his altcoin holdings, all stocks, and around 25% of his Bitcoin holdings. This came as a very surprising turn of events for many traders, and the same analyst predicted the price of BTC would hit a much higher new ATH, up to the price of $125,000, before last week.
The uncertainty, however, began at the end of the previous week. In detail, Doctor Profit shared a warning and the need to set up hedge traders to mitigate risks and protect one’s capital. He then reminded the crypto community once again this week that hedge traders are not for profits but to preserve capital. He encouraged traders to set hedge trades to brace for what he expects to be a very volatile few weeks.
Hedge Trading Should be Mandatory
This sudden shift from bullish to bearish trades seems to be connected to the potential war between Iran and Israel. As the post above explains, the analyst says that this possible war is a much bigger topic than many imagine. He says that it is crucial to be fast and flexible to adapt during the coming days ahead. He then shares another post marking how the crypto market is at a very critical point, and hedge trades should be mandatory.
As we can see from the post above, Doctor Profit urges everyone with a serious spot size to set up hedge trades. He says he does not feel confident with only spot trades at the moment due to the rising political strife that could, at any moment, turn the tide into high volatility for the crypto market. He believes one wrong move could result in a COVID-style crash. Furthermore, the possibility of the US entering the war could only further hurt the market.
