BTC 2x Long

Thesis

Maintains a 2x long BTC position to amplify gains when Bitcoin rises.

Strategy

• Hourly rebalance: Each hour, buys or sells BTC perpetuals to target exposure equal to twice current equity. • Sizing: Uses allocated USDC plus unrealized BTC profit or loss, with trades raised to Hyperliquid's minimum when needed. • Holding: Keeps its BTC long exposure until stopped, without an automatic profit target or stop loss.

Exposure

• Holds: BTC perpetuals and USDC — Holds BTC long exposure with USDC collateral. • Venue: Hyperliquid — Trades BTC perpetuals with USDC held on HyperCore. • Leverage: 2x target — Targets BTC exposure worth twice current equity at each hourly rebalance. • Costs: Trading fees and funding — Pays Hyperliquid trading fees and BTC funding. • Data: Circuit — Uses BTC prices and the session's holdings to size hourly trades. • On unwind: USDC — Closing the BTC position leaves USDC on HyperCore.