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

On February 24th, two traders on Hyperliquid—one using a "100% Win Rate, Low Drawdown" pyramid position management strategy (address 0x721) and well-known on-chain trader Paul Wei (address 0xdae)—have both seen significant drawdowns on their recent BTC long positions, per Coinbob Popular Address Monitoring (via their Telegram channel). The "100% Win Rate, Low Drawdown" trader typically uses high leverage and narrow-range position management. Currently, they hold a 20x-leveraged BTC long position with an average entry price of $77,500—facing a 452% loss, with a liquidation price of $55,700. In the past 30 minutes, the address has placed 30 new buy orders between $62,500 and $62,900 (accounting for ~10% of its total funds) and plans to partially reduce the position once BTC rebounds to $69,500. Paul Wei’s strategy is more conservative. He currently holds a 3x-leveraged BTC long position with an average entry price of $75,400—down 57.6%, with a liquidation price of $22,200. The address set profit-taking orders on February 15th; remaining buy orders are now placed between $46,500 and $61,100, and he plans to close ~70% of the position if BTC rises to the $71,500–$77,800 range. Both traders use the range pyramid position management model: they progressively establish long/short positions and take profits within a defined price range, aiming to capitalize on oscillating spreads by repeatedly capturing price differentials—rather than using a Martingale strategy or betting on a single trend.