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Analyst Who Predicted 2022 Crypto Collapse Goes On Altcoin Shorting Spree As Bitcoin,

Benzinga – The pseudonymous analyst who accurately predicted the 2022 crypto market collapse on Monday said he is shorting altcoins, as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) continue to tumble in response to the Commodity Futures Trading Commission’s (CFTC) lawsuit against Binance and its CEO Changepeng Zhao.

What Happened: Capo told his 734,000 Twitter followers that his main short positions are Binance Coin (CRYPTO: BNB) and Tron (CRYPTO: TRX), as he has mentioned multiple times before.

“I also have some other shorts like AAVE (CRYPTO: AAVE) or Solana (CRYPTO: SOL).

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When a Twitter user ‘Isopink’asked if Capo had been liquidated on the way up, Capo responded, “Your thoughts and the reality are two different things. I’ve been building swing short positions on altcoins all this time.”

For Binance Coin, Capo suggests traders should consider setting up a swing short position between $250 to $350.

Price Action: At the time of writing, BTC was trading at $26,991, down 2.80% in the last 24 hours, according to Benzinga Pro.

Read More: Bitcoin, Ethereum, Dogecoin Slide After CFTC Lawsuit Against Binance: Analyst Expects Apex Crypto To Touch $30K If Macroeconomics Remains Favorable

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Read More: Analyst Who Predicted 2022 Crypto Collapse Goes On Altcoin Shorting Spree As Bitcoin,

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