BlockBeats News, December 30th, according to Coinbob Popular Address Monitor, the address starting with 0x721 has accumulated approximately $50,000 in principal since January this year, recording a profit of $272,000. During this period, it has completed 82 opening and closing trades, with monthly and overall win rates both exceeding 80%, a weekly win rate of 100%, and only a 1% drawdown.
The address currently holds a 20x leveraged BTC short position with an average price of $89,300 and an unrealized profit of 44%. In the past hour, it has densely placed about 100 buy orders, adjusting the range to $80,000-$87,000, and plans to close the short position and go long when the price drops to $86,383 (triggering the 11th buy order). Meanwhile, it previously set up 100 sell orders in the $90,200-$94,200 range, of which 4 have been executed.
The address's trading style leans towards a pyramiding hedged grid strategy: layering long and short orders within a set price range, progressively building positions and taking profit in a pyramid manner, earning profits through repetitive gains from price spreads during oscillations, rather than unilateral directional bets.
Renowned trader "Paul Wei," who uses a similar strategy, only employs 2x leverage to achieve stable returns, and both have reached a consensus on the short position trigger zone. Currently, his BTC long position is at an unrealized loss of about 3.2%, occupying 9% of total funds, with most funds still in pending orders. His long and short order trigger range has been adjusted to $84,600-$90,200. Since November 16th, the trader has accumulated $3,100 in profits.
