Bitcoin’s latest crash has given bears plenty to talk about, but Doctor Profit is not changing his long-term position. The analyst reiterated that he remains “insanely bullish” on Bitcoin, ar
Bitcoin’s latest crash has given bears plenty to talk about, but Doctor Profit is not changing his long-term position.
The analyst reiterated that he remains “insanely bullish” on Bitcoin, arguing that traders waiting on the sidelines tend to become most vocal only after BTC has already suffered a large correction.
His comments came as Bitcoin’s downturn intensified. BTC has since fallen below $70,000, trading around $68,500 after touching roughly $67,450, with more than $870 million in Bitcoin long positions liquidated over the past 24 hours.
Doctor Profit’s argument centers on perspective.
He entered spot Bitcoin around $60,000 and points out that BTC subsequently rallied roughly 40% from those lows before the latest correction.
His criticism is that bearish traders who stayed on the sidelines during that rise are now treating a 20%-plus decline as confirmation that waiting was the right decision.
Even after today’s much deeper drop, Bitcoin remains above the $60,000 area he identifies as his spot entry.
$BTC Bulls are programmed to defeat the bears The sidelined bears said Bitcoin would find its bottom in October; others said it would be in Q4 instead. Yet BTC is still up 20% from its $60K lows. Bitcoin went 40% up from the lows to the recent height, the bears have been wrong all the time. The worst thing about the side lined bears is that they always emerge in a bull market, every time Bitcoin dips a few percent. You’ll see them completely silent on the way up, but at their loudest on the first 10–20% drop. Bitcoin went 40% up and the bears said nothing, fully silent. It corrected 20% and the bears celebrate it as if it’s a new golden entry, as if their patience would have paid off, and they got their new low they speak about since months. Yet the price is still 20% above my spot entry. Ignore the noise. I remain insanely bullish on Bitcoin. You can call me the last bull standing. I’m holding all my spot positions from $60K and my longs from $80K. Bears are programmed to lose, Bitcoin will rise again, it’s just a matter of time, and it will rise without giving the side liners a new entry to their lows. They will miss out, again.
— Doctor Profit(@DrProfitCrypto) November 12, 2026
That does not make the current decline insignificant. BTC is now down roughly 9.6% in seven days and more than 45% below its October 2025 all-time high.
But Doctor Profit views the selloff as part of a larger bullish cycle rather than the beginning of a collapse toward new long-term lows.
The immediate backdrop has deteriorated quickly.
U.S. spot Bitcoin ETFs have suffered roughly $1.4 billion in withdrawals across five consecutive sessions, removing an important source of demand.
Leverage has also been flushed aggressively. Bitcoin futures open interest has dropped nearly 7% in 24 hours, with long liquidations overwhelmingly dominating short liquidations.
That means the bullish argument now faces a more difficult test than it did when BTC was trading in the mid-$70,000s.
Read also: Crypto Market Crash: How Low Can Bitcoin and XRP Go?
Doctor Profit says he does not expect sidelined bears to receive the lower entry they have been waiting for.
With Bitcoin now below $70,000, however, the distance to his own $60,000 accumulation level has narrowed considerably.
The immediate area around $67,000-$68,000 is the first place bulls need to stabilize price.
If that fails, the low-$60,000s would become increasingly relevant and would put Doctor Profit’s argument under a much tougher test.
All in all, Doctor Profit is still holding his spot positions from $60,000 and his longs from $80,000.
The market will now determine if that conviction is rewarded, or if Bitcoin gives the bears the deeper entry he believes they will never get.
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The post Bitcoin Price Crash Hasn’t Changed This Analyst’s Bullish Outlook appeared first on CaptainAltcoin.
