Famous trader il Capo Of Crypto, who predicted the collapse in the cryptocurrency markets last year, has not yet been right in his prediction this time.
Popular trader il Capo Of Crypto announced that he closed his short positions at a loss. The trader knew about the big drop last year and 2023 since the beginning of the year the decline will continue He came to the fore with his statements about.
However, as spot Bitcoin ETF rumors gain strength and Bitcoin 31 thousand dollars The experienced name, who had to take a step back after breaking the band, said that he would not do it for now and only He closed his short positions at a loss announced.
Capo futures positions closed at a loss Aave (AAVE), Solana (LEFT), Cronos (CRO), TRON (TRX) while stating that BNB (BNB), Polygon (MATIC) And Waves (WAVES) He emphasized that his shorts are still open:
This breakout is not good for the main bearish scenario. I did not expect the $31,000 resistance level to be broken so easily. I’m exiting my out-of-the-money shorts (AAVE, SOL, CRO, and TRX) and keeping the out-of-the-money shorts (BNB, MATIC, and WAVES) open until more information becomes available.
The experienced trader underlined that the bearish scenario continues. About where the decline will come from Capo, who remains unclear, addressed his followers with the following words:
Congratulations to the bulls who were respectful and asked for 30k. My bearish scenario is not invalid yet. After hours of deep analysis and research, I still see many more reasons to be bearish than bullish.