Trader stated that with many digital assets gaining value, there may be a potential correction in cryptocurrencies.
The Flow Horse, also known as Cantering Clark, stated in his statement on X that AVAX and RUNE are at risk of decline.
“I started opening short positions this morning. So far only for AVAX and RUNE. […] everything will be set back more than you expected.
“I think there may be a withdrawal of at least 30 percent.”
At the time of writing, AVAX is traded at $22.05, according to CoinMarketCap data, while RUNE is traded at $6.08.
The trader also suggested that Ether could also fall below $1,900 for a short time, but this lower price could increase demand for the asset.
“I would like to buy while it is below $1900, but it seems like everyone else is considering doing that.”
At the time of writing, Ether is trading at $1,961, according to CoinMarketCap data.
