[Renowned Trader: Market Adjustment Mainly Focused on AI Stocks, BTC and ETH Show Resilience] BlockBeats News, July 30 — Renowned trader Doctor Profit posted that on July 18, he decided to take profit on the Bitcoin short position he established near $120,000, while retaining his stock short positions. Although he still anticipates a broader market downturn, he has started dollar-cost averaging into BTC and ETH. The current adjustment is primarily concentrated in the AI sector, with multiple AI stocks experiencing significant declines. Meanwhile, BTC remains stable within its range, and ETH has also demonstrated strong resilience. The S&P 500's impact on BTC is currently relatively limited. While it is still too early to draw conclusions, this may support his original judgment that the primary adjustment in this round is likely focused on AI stocks rather than a large-scale sell-off of BTC and ETH. Doctor Profit stated that his stock short positions currently include MicroStrategy (-64.8%), Coinbase (-51.8%), SanDisk (-49.4%), Palantir (-40.6%), Netflix (-34.3%), IBM (-32.2%), Microsoft (-28.2%), and Nvidia (-8.6%), generating substantial floating profits. Apple (+26.2%) and the S&P 500 (+4%) have been unfavorable to his positions. He added that he invested in Coinbase last week, so his current Coinbase short position mainly serves as a hedge. He plans to gradually close out and fully take profit on these positions in the coming weeks. [Original Link]