$100,000 Through the Crypto Bear Market, X Famous Trader Paul Wei's Live Trading May Give a Bull Market Judgment

BlockBeats news, September 18, according to TradingBeats monitoring, Paul Wei (X: coolish), a trader who previously managed positions through upper and lower inverted pyramid limit orders and maintained a long position for an extended period, has now converted all 11 active orders to buy orders, with no sell orders or take-profit orders seen for nearly 40 days.

On November 16 last year, Paul Wei started a public live trading account on Hyperliquid with approximately $100,000, when BTC was around $95,000. Since then, the price fell to as low as around $57,000, and has now rebounded to around $77,600. Although it has still not returned to his entry level, the account, while maintaining a long position, has kept its total assets and grown them to approximately $117,800, with cumulative profit and loss of about +$17,600.

Over the past six months or so, his BTC position has long been managed through layered long and short dual-direction limit orders. Data shows that on July 21, the address completed its last BTC sell execution, which was a take-profit. After August 5, no new sell orders, including take-profit orders, appeared among its active orders.

Buy orders have always been retained and have begun to move upward. It continued to increase holdings from around $62,000 for BTC, gradually raising the buy price as the market rebounded.

Currently, the address holds approximately 1.535 BTC long position with 3x leverage, at an average price of about $65,915, with a position value of about $119,200, unrealized profit of about $17,900, and a position return rate of about 53.2%. The account's total assets correspond to an actual notional leverage of about 1.01x.

Its current 11 active orders are all buy orders, totaling about $74,300. The highest tier is about 3.9% away from the current price, among which:

- The 6 buy orders left earlier are distributed between $57,860 and $62,944, totaling 0.88 BTC;

- The 5 buy orders added in the past two days are located between $69,702 and $74,602, totaling 0.30 BTC.

It is reported that this trader once increased 1.8 BTC to more than 80 BTC within two years starting from May 1, 2020. In this round of public live trading on Hyperliquid, the initial capital was still about 1 BTC.