Bitcoin Risks Deep Pullback as Market Makers Eye $92K Gap

Doctor Profit exits BTC positions, eyes $92K CME gap as market makers drive fear to accumulate cheaper Bitcoin holdings.

Technical indicators and macro risks align with growing bearish sentiment, signaling a possible Bitcoin dip to $84K levels.

Strategic shorting and re-entry methods highlight smart money moves while retail traders risk panic selling under fear pressure.

Bitcoin faces heightened bearish pressure following key strategic moves from high-profile traders. Doctor Profit, a market analyst, exited all BTC spot holdings last week. He sold 25% at $108,000 and the rest at $103,300. Consequently, he entered a short position from $103,000. His analysis indicates market makers aim to intensify fear, likely dragging prices well below $100,000. A potential target lies between $93,000 and $94,000. If sentiment continues to drop, the correction could deepen toward the $82,000–$84,000 range.

Source: Doctor Profit

Smart Money Strategy Plays Out

Doctor Profit emphasized that profit realization followed by strategic re-entry is a proven method. He likened it to selling 10 apples at $1 and buying them back at $0.70, increasing one’s bag size. This method could boost holdings by 60% using calculated shorting with minimal capital exposure. Additionally, this strategy reflects smart money behavior. Retail traders, on the other hand, often panic sell when fear rises.

Besides, multiple technical signals support a bearish continuation. Bitcoin lost the key $103,000 support—labeled as the “golden line”—and failed to recover. Moreover, indicators like MACD, RSI, moving averages, and the monthly candle all reinforce the bearish trend. The daily MACD has flipped negative, confirming momentum has shifted. Hence, Doctor Profit remains in a full cash position while keeping the short open.

CME Gap, Liquidity, and Macro Risks Align

There is a large CME gap at $92,000, and Bitcoin usually fills such gaps. Additionally, liquidity sits in that range. James Wynn, a popular trader, echoed the sentiment, increasing his short position and targeting the $93,000–$95,000 zone. He believes ongoing geopolitical tensions and macroeconomic instability could push Bitcoin even lower.

Source: James Wynn

Moreover, upcoming U.S. economic data such as Final GDP and Core PCE Price Index, may inject more volatility. Investors are cautious as no interest rate cuts are expected soon. The global M2 money supply is expanding—but not through U.S. dollars. This adds to the uncertainty.

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