PANews reported on December 28, according to on-chain analyst Yu Jin's monitoring, long position holder James Fickel sold 6,429 ETH (21.45 million USD) for 227 WBTC 4 hours ago to repay all WBTC loans. James Fickel has held a long position on the ETH/BTC exchange rate for a whole year, losing 68.84 million USD (20,632 ETH):
In the first half of the year, borrowed 2,987 WBTC through Aave at an exchange rate of 0.054, selling it for 55,315 ETH to go long on the ETH/BTC exchange rate;
Starting in August, gradually sold ETH to buy back WBTC for repayment, spending a total of 75,947 ETH to buy back 2,987 WBTC at an exchange rate of 0.0393;
In the end, he lost 20,632 ETH (68.84 million USD) while going long on the ETH/BTC exchange rate.
