According to the monitoring of on-chain analyst Ember, James Fickel, a firm bull of the ETH/BTC exchange rate, spent 46.49 million USDC to buy ETH and WBTC in two days since the market fell on August 5. After the market fell on August 5, he began to buy ETH and WBTC in batches on the chain from the evening of August 6. So far, in more than two days, he has used 34.49 million USDC to buy 13,676 ETH at an average price of $2,522; and 12 million USDC to buy 211 WBTC at an average price of $56,824.