The trader said that with many digital assets rising in value, there could be a potential correction in cryptocurrencies.

Flow Horse, also known as Cantering Clark, said in his statement on X that AVAX and RUNE are at risk of downside.

“I started opening a short position this morning. So far only for AVAX and RUNE. (…) Everything will be set back further than you expected.
“I think there could be at least a 30 percent clearance.”

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At the time of writing, AVAX trades at $22.05, while RUNE trades at $6.08, according to CoinMarketCap data.

The trader also suggested that Ether could briefly drop below $1,900, but this lower price could increase demand for the asset.

“I would like to buy it below $1900, but it seems like everyone else is considering doing so.”

At the time of writing, Ether is trading at $1,961, according to CoinMarketCap data.

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