💦💦Ethereum Bull Lost $50 Million But Not Enough: Selling Bitcoin and Still Buying! 💦💦
Cryptocurrency investor and developer James Fickel made a $27 million transaction for Ethereum (ETH).
According to data provided by on-chain analysis platform Lookonchain, Ethereum bull James Fickel was back in action on September 18. According to current data, Fickel traded 11,584 ETH for 450 BTC worth $27 million. This transaction was made in the ETH/BTC parity and the investor's cost was recorded as 0.03881.
Believing that Ethereum will gain value against Bitcoin and having taken a position in this direction for a year, the whale has a debt of 1,308 BTC worth $78.8 million on the decentralized exchange Aave.
So far, Fickel has lost 21,000 Ethereum worth $49 million by taking a long position on the BTC/ETH trading pair. Ethereum, which has gained 1% in value in the last 24 hours, is trading at $2,354 at the time of writing.
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