# Doctor Profit Re-Establishes Bitcoin Shorts Between $86,500 and $89,500

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/27342
Published: 2026-10-07T10:01:30.000Z
Updated: 2026-10-07T10:01:30.000Z
Section: Investing

> The trader said he closed all short positions near $60,000 after Bitcoin’s 1011 plunge and later resumed spot buying.

Doctor Profit said he has re-established short positions in Bitcoin (BTC) between $86,500 and $89,500, including large orders placed between $88,000 and $89,500.

He said he previously established a large short position when Bitcoin peaked near $124,000 last year. He later closed all short positions in the $60,000 area.

Doctor Profit then began buying spot Bitcoin after the 1011 market plunge, when the cryptocurrency fell near $60,000. He said he has now established short positions again about a year after that shift.