BlockBeats news, on December 24, according to EmberCN monitoring, ETH/BTC long trader James Fickel continued to reduce his ETH/BTC long position 2 hours ago: selling 6,500 ETH (approximately $22.24 million) in exchange 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 as much as 2,987 WBTC (approximately $204.7 million) 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 starting in August: gradually redeeming ETH to sell for WBTC to repay. Over the past four and a half months, he has already sold 59,500 ETH for 2,398.2 WBTC to repay, with an average selling exchange rate of 0.04. Currently, he still has 575.3 WBTC in borrowed funds in his ETH/BTC long position.

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