James Fickel Further Sells WETH for WBTC Amid ETH/BTC Decline! 🚨
James Fickel, founder of the Amaranth Foundation, has just sold 3,550 WETH for 137.754 WBTC at an ETH/BTC exchange rate of 0.0388 within the past 3 hours.
Address: 0xd85351181b3f264ee0fdfa94518464d7c3defada
In total, Fickel has exchanged 11,150 ETH ($26.1M) for 437.6 WBTC at a rate of 0.039 in the past 9 hours as the ETH/BTC ratio dips below 0.04 for the first time since April 2021!
Since August 7, Fickel has swapped 12M USDC for 211.18 WBTC and 27,150 ETH for 1,108 WBTC ($65.9M) at exchange rates ranging from 0.041, primarily to repay debt on Aave.
He currently holds 1,758 WBTC ($102.5M) borrowed.
This significant shift from a former ETH/BTC permabull highlights the ongoing bearish sentiment on ETH as it continues to slide against BTC. Keep an eye on Fickel’s next moves!
