James Fickel, 🐳 the guy behind the Amaranth Foundation, just made a huge move. 💦💥

He dumped a whopping $26 million worth of $ETH for $BTC in a matter of hours! Apparently, he was trying to pay back a massive loan he took out on $AAVE . 🤔

This dude was all-in on ETH, especially after that #BitcoinETFs! news, but it looks like he's changing his tune. With a $38.5 million estimated loss on his current position, it's clear things aren't going his way. 🤮

This is gonna be interesting to watch! 👀 DYOR!

Credit: SpotOnChain 🙏