Crypto trader Doctor Profit has closed all Quant (QNT) positions to lock in profits following a surge from $50 to $374 in just a few days. The trader cited elevated funding rates and crowded long positions as key factors prompting the exit, noting discomfort with current market leverage despite the substantial gains.
Doctor Profit highlighted a divergence between public sentiment and private whale activity, observing that some large holders are selling privately while publicly urging retail investors to buy. While acknowledging the potential for further price appreciation, the trader emphasized transparency in operations and expressed satisfaction with securing profits amid signs of market overheating.
Trader Doctor Profit Exits All QNT Positions Amid Whale Selling Concerns
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