[Renowned Trader: Closed All Crypto Short Positions and Resumed Buying Bitcoin Spot] BlockBeats News, July 19 – Renowned crypto trader Doctor Profit announced in a post that he has closed all his cryptocurrency short positions, including Bitcoin shorts established in the $115,000 to $125,000 range, another Bitcoin short in the $79,000 to $82,000 range, and over 100 altcoin short positions opened in recent months, all of which have yielded significant profits. He also stated that he has resumed buying Bitcoin spot at $64,000, marking his first long-term allocation since September 2025. His plan is to allocate 5% of his daily planned funds to spot purchases while Bitcoin remains in the $54,000 to $64,000 range, for a maximum of 20 days. If the price approaches $54,000, he will increase his buying intensity. Doctor Profit believes the current market is exhibiting clear "herd behavior": investors who were previously bullish at higher levels, expecting Bitcoin to reach $150,000, are now generally waiting for Bitcoin to drop to the $40,000 to $50,000 range and view September or October as the bottom of the four-year cycle. When a large number of investors are waiting for the same price and time frame, the market may not behave as expected. Therefore, he has chosen to build positions in advance and predicts that the bottom of this cycle may occur earlier than the general market expectation. He also cited regulatory clarity, tokenization infrastructure, and institutional adoption progress as structural reasons for shifting to buying. Additionally, he has withdrawn his previous prediction that Bitcoin would drop to the $40,000 to $50,000 range. However, he has retained all his short positions in the S&P 500 index, arguing that while the crypto market has undergone significant repricing, U.S. stock valuations remain elevated. [Original Link]