Prominent trader: Currently building short positions in BTC in batches within the $86,500 to $89,500 range.

BlockBeats news, October 5 — Well-known trader Doctor Profit stated that his market view remains unchanged from last week. He is currently placing multiple BTC short orders within the $86,500 to $89,500 range, covering about 3.5%, in order to gradually build a complete swing short position through different entry points.

He gave an example, saying that if the plan is to invest $10,000, one could place five $2,000 orders at $86,500, $87,000, $88,000, $88,500, and $89,500 respectively. If all five orders are filled, the total position would be $10,000, with an average entry price of about $87,887.

Doctor Profit stated that his short orders use only 2x leverage, while he also retains spot positions. Scaling in with split orders can avoid having to pinpoint the exact top and putting all funds in at a single price; he regards the above range as a distribution phase, so he is gradually building a short position in that area.