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Doctor Profit sells XRP, says it is not time to buy altcoins

Crypto trader Doctor Profit has sold holdings in XRP and other altcoins, saying rising altcoin volume and heavy leverage have raised the risk of a near-term correction. He said altcoin spot volume has grown to about four times Bitcoin’s, and warned that leveraged trading could trigger forced liquidations if prices fall. He said he is short bitcoin from $86,200 with additional orders up to $89,500, targeting $79,000, while keeping long-term positions unchanged.