Altcoin Bloodbath Incoming? Trader Bets $1M on Sector Collapse to 2020 Prices
Dark Mode Toggle Ball Crypto News Today Market Updates Margin Trading Guides Videos Price Analysis BTC Analysis ETH Analysis XRP Analysis Bitcoin For Beginners Interviews Editorials DeFi & NFT Buy Crypto Language Bulgarian Turkish Spanish © Copyright CryptoPotato Home » Crypto News Popular crypto trader Doctor Profit has said that the altcoin sector could fall back to its 2020 levels. And he is putting his money where his mouth is, backing his prediction with $1 million worth of short positions across 100 altcoins. In a post shared on X earlier today, Doctor Profit outlined his strategy built on 100 isolated short positions of $10,000 each, all placed with 1x leverage. “I’m now betting on the biggest hill of garbage the market has ever seen, even worse than during the dot com bubble and the garbage of the penny stocks,” he declared. The trader says altcoins are in “a multi-year bear mark
Source: https://cryptopotato.com/altcoin-bloodbath-incoming-trader-bets-1m-on-sector-collapse-to-2020-prices/
