#JamesFickel is not feeling the $ETH love anymore! 💔

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! 📉

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. 🔄

Overall, since August 7, Fickel has exchanged:

▶ 12 million USDC for 211.18 $WBTC

▶ 27,150 ETH for 1,108 #WBTC

That's a total of $65.9 million worth of ETH and USDC swapped for WBTC! 💰

Current debt: 1,758 WBTC ($102.5 million). 💾 Is Fickel losing faith in ETH? đŸ€” Or is he just playing the arbitrage game? Let's see how this story unfolds! 🍿 DYOR! #WhaleAlert

Source: SpotOnChain