James Fickel, the biggest whale of ETH/BTC exchange rate bulls, fell today! He sold his ETH/BTC exchange rate long position that he had held for a year in tears.

4 hours ago, he sold 6429 ETH ($21.45M) in exchange for 227 WBTC to pay off all WBTC, with a cumulative 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 them in exchange for 55,315 ETH to go long on the ETH/BTC exchange rate;

Since August, he has sold ETH to buy back WBTC to repay the loan, spending a total of 75,947 ETH to buy back 2,987 WBTC at an exchange rate of 0.0393 to repay the loan;

This giant is also a heavy follower of ETH, and finally ended his one-year position with a floating loss of 68.84 million US dollars.

Conclusion: Leveraged cryptocurrency trading is not feasible, no matter how big the giants are, they are all finished!!

With the giants gone, is Ethereum about to take off?

The last time when the bottom was bought at 2400, many ancient whales could not hold on and took off!!