Two Big Pyramid Strategy BTC Traders' Long Positions Experience Significant Drawdown, with "Paul Wei" Placing Limit Buy Orders in the $40,600 to $61,100 Range

BlockBeats News, February 24th, according to Coinbob Popular Address Monitoring, on Hyperliquid, two traders, one using the pyramid position management model with a "100% Win Rate Low Drawdown" (0x721) and the well-known on-chain trader "Paul Wei" (0xdae), both experienced significant drawdowns in their recent BTC long positions.

The "100% Win Rate Low Drawdown" trader tends to use high leverage and manage positions in a narrow range. They currently hold a 20x leveraged BTC long position with an average price of $77,500, experiencing a loss of 452%, with a liquidation price of $55,700. In the past half hour, this address placed 30 new buy orders in the range of $62,500 to $62,900, accounting for about 10% of its total funds, and plans to partially reduce the position after BTC rebounds to $69,500.

Paul Wei's position management style leans towards conservatism. He currently holds a 3x leveraged BTC long position with an average price of $75,400, experiencing a loss of 57.6%, with a liquidation price of $22,200. This address set profit-taking ranges with orders on February 15th, with the remaining buy orders now placed in the range of $46,500 to $61,100, and plans to close about 70% of the position when BTC rises to the range of $71,500 to $77,800.

Both use the range pyramid position management model: progressively set up long and short positions and take profit within a specified price range, aiming to profit from oscillating spreads by repeatedly capturing profits from price differentials, rather than employing Martingale strategy or betting on a single trend.