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余烬Ember
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The famous ETH/BTC long position holder James Fickel's year-long ETH/BTC long position has finally come to an end today:
Four hours ago, he sold 6429 ETH ($21.45M) for 227 WBTC, paying off all his WBTC debts.
He sustained a year-long ETH/BTC long position, incurring a loss of $68.84 million (20,632 ETH):
◎ In the first half of the year, he borrowed 2,987 WBTC through Aave at an exchange rate of 0.054 and sold it for 55,315 ETH to go long on the ETH/BTC exchange rate;
◎ Starting in August, he 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 for repayment;
◎ In the end, he incurred a loss of 20,632 ETH ($68.84M) on his long position in the ETH/BTC exchange rate.
The largest ETH/BTC long position has surrendered, is it time for Ethereum to pump? 😂
Address: 0xd85351181b3f264ee0fdfa94518464d7c3defada
Four hours ago, he sold 6429 ETH ($21.45M) for 227 WBTC, paying off all his WBTC debts.
He sustained a year-long ETH/BTC long position, incurring a loss of $68.84 million (20,632 ETH):
◎ In the first half of the year, he borrowed 2,987 WBTC through Aave at an exchange rate of 0.054 and sold it for 55,315 ETH to go long on the ETH/BTC exchange rate;
◎ Starting in August, he 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 for repayment;
◎ In the end, he incurred a loss of 20,632 ETH ($68.84M) on his long position in the ETH/BTC exchange rate.
The largest ETH/BTC long position has surrendered, is it time for Ethereum to pump? 😂
Address: 0xd85351181b3f264ee0fdfa94518464d7c3defada
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