According to a report by Golden Finance, on-chain analyst Yu Jin has monitored that ETH/BTC long position holder James Fickel continued to reduce his ETH/BTC long position two hours ago: selling 6,500 ETH (22.24 million USD) to exchange for 235.6 WBTC to repay his position. James Fickel's ETH/BTC long position peaked at the end of May when he borrowed a total of 2,987 WBTC (204.7 million USD) from Aave, purchasing ETH at an average rate of 0.054 with the borrowed WBTC. Later, as the ETH/BTC rate fell sharply, James Fickel started to reduce his position from August: gradually redeeming ETH and selling it to exchange for WBTC to repay. So far, over the past four and a half months, he has sold 59,500 ETH in exchange for 2,398.2 WBTC to repay, with an average selling rate of 0.04. His current ETH/BTC long position still has 575.3 WBTC in borrowing.

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