Well-known trader: The market correction is mainly focused on AI stocks, while BTC and ETH have shown resilience.

BlockBeats reported that on July 30, renowned trader Doctor Profit stated that he decided to take profit on his Bitcoin short position established near $120,000 on July 18, while keeping his stock shorts. Although he still expects broader markets might decline, he has begun buying BTC and ETH through dollar-cost averaging.

The current correction is mainly concentrated in the AI sector, with many AI stocks experiencing significant drops, while BTC remains stable within its range and ETH also shows strong resilience. The S&P 500's impact on BTC is currently relatively limited. Although it is too early to draw conclusions, this may support his original judgment—that this round of adjustments may be concentrated in AI stocks rather than triggering large-scale sell-offs in BTC and ETH.

Doctor Profit stated that his current stock short positions include MicroStrategy (-64.8%), a certain exchange (-51.8%), SanDisk (-49.4%), Palantir (-40.6%), Netflix (-34.3%), IBM (-32.2%), Microsoft (-28.2%), and Nvidia (-8.6%), resulting in significant unrealized gains. Apple (+26.2%) and S&P 500 (+4%) have been unfavorable to his portfolio. He added that he invested in a certain exchange last week, so the exchange short is mainly used for hedging, and he plans to gradually close all short positions and take profit over the next few weeks.