According to Lookonchain monitoring, as the ETH/BTC exchange rate fell, James Fickel exchanged 2,000 ETH ($6.13 million) for 67.39 WBTC to repay his debt. James Fickel still owes 843.4 WBTC ($77 million) on Aave.

He lost 24,400 ETH ($76.45 million) by going long on the ETH/BTC exchange rate.