Doctor Profit warns of overheated altcoin market, sees BTC correction to $79K

Crypto analyst Doctor Profit said on X that excessive leverage in the altcoin market and a surge in trading volume prompted the analyst to close most open positions and prepare for a possible correction. Doctor Profit added that the analyst entered a short position on BTC at $86,200 and set additional short orders in the $86,500-$89,500 range, while maintaining a downside target of $79,000.