According to Deep Tide TechFlow news, on December 24, on-chain analyst Yu Jin monitored that the famous ETH/BTC long position holder James Fickel continued to reduce his ETH/BTC long position 2 hours ago: selling 6,500 ETH (22.24 million USD) for 235.6 WBTC for repayment.
James Fickel's ETH/BTC long position peaked at the end of May when he borrowed as much as 2,987 WBTC (204.7 million USD) 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 holdings in August: redeeming ETH in batches to sell for WBTC to repay. Over the past four and a half months, he has reduced his holdings by selling 59,500 ETH for 2,398.2 WBTC for repayment, with an average selling exchange rate of 0.04.
He currently has a loan of 575.3 WBTC against his long position in ETH/BTC.
