BlockBeats News, December 30 — According to Coinbob’s popular address monitoring, the address starting with 0x721 has been recording a profit of $272,000 since January of this year, with an initial capital of approximately $50,000. During this period, it has completed 82 open and close trades, with a monthly win rate and overall win rate both exceeding 80%, and a weekly win rate of 100% with only 1% drawdown. The address currently holds a 20x leveraged BTC short position, with an average entry price of $89,300 and an unrealized profit of 44%. In the past hour, it has densely placed about 100 buy orders, lowering the range to $80,000–$87,000, and plans to close the short and go long when the price drops to $86,383 (reaching the 11th buy order). Meanwhile, it previously set 100 sell orders in the $90,200–$94,200 range, with 4 already filled. The trading style of this address leans towards a pyramid-style hedge grid strategy: layering buy and sell orders within a set price range, gradually building positions and taking profits in a pyramid manner, profiting from oscillating price spreads rather than betting on a single direction. A well-known trader using a similar strategy, “Paul Wei,” only uses 2x leverage to achieve stable returns, and both traders have reached a consensus at the trigger zone for short positions. Currently, their BTC long position has an unrealized loss of about 3.2%, accounting for roughly 9% of total funds, with most funds still in pending orders. Their buy and sell order trigger ranges have been adjusted to $84,600–$90,200. Since November 16, this trader has accumulated a profit of $3,100.
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