BTC Pullback Buyer

Thesis

Buy BTC pullbacks to build a long position that benefits when Bitcoin rises.

Strategy

• Entry: Check each minute and buy after a 1% decline from the observed high, initially using the last 24 hours and resetting after each buy. • Sizing: Add 10% of allocation not already represented by BTC exposure per dip, raising small orders to Hyperliquid's $10 minimum. • Exit: Keep accumulating BTC longs until stopped, with no automatic profit target or stop loss.

Exposure

• Holds: BTC longs and USDC — Builds a Bitcoin perpetual position with USDC collateral. • Venue: Hyperliquid — Trades BTC on Hyperliquid with USDC held on HyperCore. • Leverage: No size multiplier — Each purchase uses its selected dollar amount as BTC exposure. • Costs: Trading fees, funding — Pays Hyperliquid trading fees and the position's funding charges. • Data: Circuit — Uses BTC prices and 24-hour price history to identify pullbacks. • On unwind: USDC — Closing the BTC long leaves USDC on Hyperliquid.