#JamesFickel is not feeling the $ETH love anymore! ๐Ÿ’”

The Amaranth Foundation founder has just sold another 3,550 WETH for 137.754 WBTC. That's an ETH/BTC exchange rate of 0.0388, which is the lowest it's been since April 2021! ๐Ÿ“‰

This ex-ETH/BTC permabull has now exchanged a total of 11,150 ETH ($26.1 million) back to WBTC in the past 9 hours. ๐Ÿ”„

Overall, since August 7, Fickel has exchanged:

โ–ถ๏ธ 12 million USDC for 211.18 $WBTC

โ–ถ๏ธ 27,150 ETH for 1,108 #WBTC

That's a total of $65.9 million worth of ETH and USDC swapped for WBTC! ๐Ÿ’ฐ

Current debt: 1,758 WBTC ($102.5 million). ๐Ÿ’ธ Is Fickel losing faith in ETH? ๐Ÿค” Or is he just playing the arbitrage game? Let's see how this story unfolds! ๐Ÿฟ DYOR! #WhaleAlert

Source: SpotOnChain