Doctor Profit Raises Bitcoin Short Position to $13 Million, Targets $79,000 Pullback

Trader Doctor Profit said he has increased his Bitcoin short position to $13 million and expects BTC to undergo a correction toward $79,000. According to ChainCatcher, he said he will decide his next move after Bitcoin reaches that level, based on price action.He added that the short position does not mean he is bearish on Bitcoin's long-term trend. He said the Bitcoin bear market has ended and that he views the current move as a temporary pullback within a broader bull market, which he expects to continue after the correction ends.