Cryptocurrency analyst Doctor Profit announced that he has liquidated his altcoin holdings, stating that the altcoin market is overheated. He said via X, "Altcoin spot trading volume is four times that of BTC, and leverage has accumulated excessively. I secured a 73% profit on ONDO and sold HBAR for a profit. I also sold XRP and am waiting for a re-entry point. As a correction is expected, I have no intention of buying altcoins right now." He added, "For the same reason, I took a short position on BTC at $86,200 and placed additional short orders in the $86,500-$89,500 range. On the other hand, I am holding onto my existing BTC, ETH, Circle (CRCL), and Coinbase (COIN) stocks. Previously, when BTC was at $60,000, I predicted $88,000, and later anticipated a correction down to $79,000. I am now preparing for that correction."
