Whale with 0xfb5 Address Prefix Continuously Reduces BTC Long Position, Realizing Profit of Over $360,000

BlockBeats News, January 15th, according to Hyperinsight monitoring, an address identified as the "XPL, HYPE Band Whale" (0xfb51...) conducted multiple successive unwinding operations on its BTC long position in approximately 10 minutes. Currently, it has cumulatively reduced its long position by about 105.8 BTC, with a total value of approximately $10.27 million. This series of operations has realized a total closed profit of approximately $366,000. After the unwinding, the value of its BTC long position still remains at around $12.454 million, with an average price of $93,500.

This address is well-known for its swing trading style, with a historical win rate of 78% in long trades, and it has previously demonstrated significant swing trading profits in currencies such as XPL and HYPE.