Famous ETH/BTC long trader James Fickel continued to reduce his ETH/BTC long position 2 hours ago:

Sold 6,500 ETH ($22.24M) for 235.6 WBTC to repay the position.

◎ James Fickel's peak ETH/BTC long position was at the end of May, when he borrowed a total of 2,987 WBTC ($204.7M) from Aave, purchasing ETH at an average exchange rate of 0.054.

◎ Later, as the ETH/BTC exchange rate continued to decline, James Fickel began to reduce his position in August: gradually redeeming ETH and selling it for WBTC to repay.

In the past four and a half months, he has already converted 59,500 ETH into 2,398.2 WBTC for repayment, with an average exchange rate of 0.04.

◎ His current ETH/BTC long position still has 575.3 WBTC in loans.

Data source @余烬Ember