Bitcoin Long Position Maintains $17,600 Profit as Leverage Nears 1.01x

Paul Wei has maintained a Bitcoin (BTC) long position of 1.535 BTC, accumulating $17,600 (approximately KRW 24.3 million) in profits as of August 18. The account's total assets are reported at $117,800 (approximately KRW 162.68 million). Odaily analyzed Wei's publicly traded Hyperliquid account on August 18 and revealed these figures.

Wei began trading with approximately $100,000 in November 2023 when Bitcoin was around $95,000. The price later dropped to roughly $57,000 before rebounding to about $77,600. Wei continued buying Bitcoin starting from around $62,000 and executed his last sell order on July 21, which was a profit-taking move. Since August 5, no new sell or profit-taking orders have been placed; instead, he has maintained buy orders or raised the price levels of existing ones.

The average entry price for the current position is $65,915. The position's value stands at approximately $119,200 (KRW 164.62 million), with an unrealized profit of about $17,900 (KRW 24.72 million) and a return on investment of around 53.2%. While the original headline emphasized three times leverage, the actual leverage based on position value versus account assets is approximately 1.01x, indicating that the entire account is not operated with triple leverage as suggested.

There are 11 active buy orders totaling $74,300 (KRW 12.6 million), with six orders placed between $57,860 and $62,944 for a combined volume of 0.88 BTC. The five new orders added over the past two days are positioned between $69,702 and $74,602, totaling 0.30 BTC.