#JamesFickel is not feeling the $ETH love anymore! 💔
The Amaranth Foundation founder has just sold another 3,550 WETH for 137.754 WBTC. That's an ETH/BTC exchange rate of 0.0388, which is the lowest it's been since April 2021! 📉
This ex-ETH/BTC permabull has now exchanged a total of 11,150 ETH ($26.1 million) back to WBTC in the past 9 hours. 🔄
Overall, since August 7, Fickel has exchanged:
▶️ 12 million USDC for 211.18 $WBTC
That's a total of $65.9 million worth of ETH and USDC swapped for WBTC! 💰
Current debt: 1,758 WBTC ($102.5 million). 💸 Is Fickel losing faith in ETH? 🤔 Or is he just playing the arbitrage game? Let's see how this story unfolds! 🍿 DYOR! #WhaleAlert
Source: SpotOnChain
