$BTC
ETH/BTC bull James Fickel makes a big move!
💥The storm of reducing positions is coming!
According to the latest news from the on-chain analyst, ETH/BTC exchange rate bull James Fickel has made another move, and staged a shocking reduction drama 2 hours ago!
💰6500 ETH for 235.6 WBTC
• James Fickel sold 6500 ETH, worth up to 22.24 million US dollars, and quickly converted it into 235.6 WBTC to repay the loan and reduce the position.
📈The legendary road from peak to reduction
• At the end of May, James Fickel's ETH/BTC long position reached its peak, lending 2987 WBTC (worth 204.7 million US dollars) and buying ETH at an average exchange rate of 0.054.
• However, the ETH/BTC exchange rate subsequently fell all the way, and James Fickel began to redeem ETH in batches from August and exchanged it for WBTC to repay the loan.
• In four and a half months, he has sold 59,500 ETH in exchange for 2,398.2 WBTC, with an average selling rate of 0.04.
• Currently, James Fickel's ETH/BTC long position still has 575.3 WBTC loans that have not been repaid.
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