Altcoin Trading Volume Hits 4x Bitcoin as One Trader Says He’s Out

Altcoin volume has surged fourfold against Bitcoin, prompting Doctor Profit to take profits and reduce exposure amid rising leverage. The altcoin market is showing signs of overheating, as spot trading volume is now four times higher than that of Bitcoin. The sharp rise in activity has also pushed leverage higher across the market. This has prompted one trader to take profits and reduce exposure to altcoins. Bitcoin Over Altcoins? Doctor Profit said ONDO was sold with a 73% profit, while HBAR was closed with a smaller gain. XRP remains on watch, with a possible entry planned at a better price. The trader said there is no interest in buying altcoins while market conditions remain this hot. He also called altcoins a “great distraction and liquidity grab” and went on to add, “This is why I’m out of Alts!” Instead, the trader is betting on a Bitcoin correction, reiterating his previous stance. A short position was opened at $86,200, and additional short orders were placed between $86,500 and $89,500. While he remains bullish overall, Doctor Profit had previously pointed to a potential pullback toward $79,000, near the 50-week moving average, before the broader uptrend continues. The an...