Capo, a popular crypto trader who has been bearish on digital asset markets this year, is increasing his short position on Polygon (MATIC), an Ethereum scaling solution.

He currently holds 65% in US dollars and 35% in mid-term short positions. In addition to MATIC, he is also shorting Binance Coin (BNB), Aave (AAVE), Tron (TRX), and Solana (SOL).

Capo previously predicted Bitcoin would continue to decline last May and has recently predicted a crash in BTC and ETH.