According to Hyperinsight, on January 15, an address linked to swing trading on tokens like XPL and HYPE (0xfb51…) executed multiple BTC long position reductions within a short timeframe. The series of moves saw approximately 105.8 BTC sold, amounting to around $10.27 million in total, and locking in a profit of roughly $366,000.
Following these trades, the whale still holds BTC long positions valued at approximately $12.45 million, with an average entry price of $93,500. This address is well recognized for its successful swing trading strategy, having historically achieved a win rate of 78% in long trades on various digital assets, including notable profits on XPL and HYPE.