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Renowned trader: Altcoins drop near support levels, planning to gradually go long amid pessimistic market sentiment.

BlockBeats news, October 24: Renowned trader Doctor Profit posted that since exiting altcoin positions when Bitcoin was priced at $86,000, altcoins have dropped about 10%.

Doctor Profit believes that current market sentiment is already very bearish, and the altcoin market happens to be near support levels. He plans to gradually build long positions in some altcoins.

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On-Chain Activity

3h ago

The largest short position on the HYPE chain is valued at $54.57 million, with an unrealized profit of $5.56 million.

5h ago

Arthur Hayes-linked address transfers another 8,000 ETH, worth approximately $19 million, suspected to be preparing for sale.

5h ago

Arthur Hayes transfers approximately $6.66 million in tokens after 9 days, suspected of preparing to sell.

8h ago

An early Ethereum participant sold 1,000 ETH, with a holding cost of only $0.31.

24H Important News

2026-10-24

In the past 24 hours, nearly $500 million was liquidated across the entire network, with over 190,000 people liquidated.

Renowned trader: Altcoins drop near support levels, planning to gradually go long amid pessimistic market sentiment.

U.S. retail investors' "bottom-fishing" in chip leveraged ETFs suffers setback, SOXL plunges 20.5% in a single day.

Analyst: Bitcoin has shown significant pullbacks in every U.S. midterm election cycle; attention should be paid to the key support level of $73,000.

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