$BTC
ETH/BTC Bullish Tycoon Fickel Stops Loss and Exits!
Massive Loss Exposed!
On-chain data analysts monitored that ETH/BTC exchange rate bull warrior James Fickel has finally announced the end of his long position campaign!
Just a few hours ago, he resolutely sold 6,429 ETH (worth about $21.45 million), converting everything into 227 WBTC, fully clearing all WBTC debts!
Looking back over the year, Fickel borrowed 2,987 WBTC through Aave at an exchange rate of 0.054, converting it into 55,315 ETH, vowing to go long on the ETH/BTC exchange rate.
However, the world is unpredictable! Since August, he has started continuously selling ETH, struggling to repurchase 2,987 WBTC at an exchange rate of 0.0393 to repay the loan, ultimately spending a staggering 75,947 ETH! In this battle, Fickel suffered a total loss of up to $68.84 million.
In summary, every transaction is a game of human nature. Fickel's stop-loss exit—was it due to the merciless market or a strategic miscalculation? Let us reflect together and continue moving forward!
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