James Fickel, founder of the Amaranth Foundation, recently sold another 3,000 ETH ($6.64M) for 124.04 WBTC at average prices of $2,213 for ETH and $53,504 for WBTC.
This sale occurred within the past 18 hours to repay his loan on Aave.
Wallet address: 0xd85351181b3f264ee0fdfa94518464d7c3defada
Key points:
James Fickel began reducing his ETH/BTC long position on August 11, 2024, after ETH's price dropped.So far, he has sold 13,000 ETH ($32.72M) for 549.8 WBTC at average prices of $2,517 (ETH) and $59,506 (WBTC).
He became bullish on the ETH/BTC trading pair after the Bitcoin ETF launch on January 10, 2024, and had previously borrowed and exchanged 3,061 WBTCs for ETH at peak.
His ETH/BTC long position has now been reduced to 2,316 WBTC ($124.7M).
