Doctor Profit Bets Against Bitcoin in $86,500-$89,500 Range

Doctor Profit has placed a series of short orders for Bitcoin (BTC) across the price range of $86,500 to $89,500. The trader views this range as a distribution phase, ideal for establishing a swing position. The five hypothetical orders total $10,000 if executed, with an average entry price near $87,887. Doctor Profit also maintains a spot position in BTC.

The short orders are staggered, suggesting a strategic approach to managing potential downside risk. This move indicates a cautious outlook on Bitcoin's near-term price action, as Doctor Profit aims to capitalize on any downward movement within the specified range.