According to on-chain analyst Yu Jin's monitoring, the well-known ETH/BTC long position holder James Fickel's year-long long position in the ETH/BTC exchange rate has finally come to an end today. Four hours ago, he sold 6,429 ETH ($2.145 million) for 227 WBTC to repay all his WBTC debt. He incurred a loss of $6.884 million (20,632 ETH) on his year-long long position in the ETH/BTC exchange rate:
1. 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 long the ETH/BTC exchange rate;
2. Starting from 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 dollars;
3. Ultimately, he incurred a loss of 20,632 ETH ($6.884 million) on the long position of the ETH/BTC exchange rate.

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