ChainCatcher message, on-chain analyst Ember has discovered that the well-known ETH/BTC bull James Fickel has reduced his position again. He sold 6,500 ETH (approximately 22.24 million USD) two hours ago, exchanging it for 235.6 WBTC to repay part of his loan.
James Fickel's investment strategy peaked at the end of May when he borrowed 2,987 WBTC (around 204.7 million USD) from Aave and purchased ETH at an exchange rate of 0.054. However, as the ETH/BTC exchange rate declined, he started to reduce his position in August, and has since sold 59,500 ETH, exchanging it for 2,398.2 WBTC.
Currently, he still has a long position with a loan of 575.3 WBTC. 📉📈