According to ChainCatcher, Hyperinsight monitoring data shows that an address labeled as "XPL, HYPE swing whale" (0xfb51...) executed multiple consecutive reductions of its BTC long positions within approximately 10 minutes. The cumulative reduction amounted to about 105.8 BTC long contracts, valued at around $10.27 million. This series of operations generated realized profits of approximately $366,000. After completing the reduction, the address still holds BTC long positions valued at around $12.454 million, with an average entry price of $93,500. This address is well-known for its swing trading style, with a historical win rate of 78% in long positions. It has previously achieved significant swing profits in tokens such as XPL and HYPE.
Whale Address 0xfb51 Unwinds $10.27M BTC Long Position, Generates $366K Profit
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Summary
Whale address 0xfb51..., known for position trading, recently offloaded a BTC long position totaling 105.8 BTC, valued at $10.27 million, with realized profits of $366,000. The move occurred over 10 minutes, and the address still holds $12.45 million in BTC long-term investment positions, averaging $93,500. The trader, labeled the "XPL, HYPE swing trader," has a 78% win rate in long positions and has previously captured major gains in tokens like XPL and HYPE.
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