Trader's pyramid long orders partially filled, plans to close BTC positions after it rises to $84,000
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On February 9, according to Coinbob's popular address monitoring, a trader with a "100% win rate and low drawdown" who prefers range-bound markets is holding a 20x leveraged BTC long position at an average price of $81,400, currently at a floating loss of 326%. Out of 100 pyramid-style buy orders placed today, 70 have been filled, with the remaining 30 yet to be executed. The current buying range is between $68,000 and $69,340. Previously, this address placed around 100 sell orders in the $84,000 to $86,880 range, planning to close 70.2% of the long position within this range. Since January this year, this address has accumulated a profit of $260,000 from a principal of about $50,000, using a pyramid-style hedging grid strategy to capture price differences in range-bound markets through layered orders. Another trader using a similar strategy, "Paul Wei," is seeking stable returns with 2x leverage. His BTC long position is currently at a floating loss of about 16%, with an average price of $75,400. He has placed sell orders in the $72,700 to $77,000 range, planning to close his position within this range.
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