JackYi: U.S. Stocks Drag Bitcoin Lower as Long Positions Take Profit and Spot Holdings Remain Underwater

Liquid Capital founder JackYi said he took profits on long positions as a decline in U.S. stocks dragged Bitcoin lower, while his spot holdings remained underwater. According to Foresight News, JackYi described his recent trading decisions in a post on X, saying he initially expected a sharp U.S. stock sell-off after what he viewed as a decisive Democratic victory and held off on buying the dip. After a rapid rebound, he said, his group entered Bitcoin at $77,000 and later viewed the correction as over when the price held at $80,300. JackYi said they had waited more than 40 days after anticipating a pullback from $86,000. He said the eventual drop in U.S. stocks also pushed Bitcoin lower. JackYi considered the trading decisions sound, adding that rapid rises and falls are difficult to predict and that position risk should be managed. He said he is monitoring U.S. stocks and oil, and that Democratic efforts targeting AI and crypto would add uncertainty. He said he still sees an upward trend and plans to wait for greater macroeconomic clarity before buying the dip again.