According to on-chain analyst Yu Jin's monitoring, ETH/BTC long position holder James Fickel continued to reduce his ETH/BTC long position 2 hours ago: selling 6,500 ETH (22.24 million USD) to exchange for 235.6 WBTC for repayment. James Fickel's ETH/BTC long position peaked at the end of May, when he borrowed as much as 2,987 WBTC (204.7 million USD) from Aave, using an average exchange rate of 0.054 to buy ETH. Later, as the ETH/BTC exchange rate continued to decline, James Fickel began reducing his position in August: redeeming ETH in batches and selling it to exchange for WBTC repayments. So far, over the past four and a half months, he has sold 59,500 ETH for 2,398.2 WBTC for repayment, with an average exchange rate of 0.04. He currently still has a loan of 575.3 WBTC in his ETH/BTC long position.

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