Golden Finance reported that according to the monitoring of on-chain analyst Ember, James Fickel, a die-hard bull of ETH/BTC exchange rate, began to admit defeat and stop loss. In the past 5 hours, the whale sold 10,000 ETH in exchange for 425.75 WBTC (US$26 million) to repay the loan to reduce his ETH/BTC exchange rate long position. From January to July this year, the whale borrowed WBTC from Aave and sold it in exchange for ETH to go long on ETH/BTC exchange rate, and its ETH/BTC exchange rate cost was around 0.054. After partially reducing its position today, its ETH/BTC exchange rate long position still has 2438.5 WBTC (US$148 million) of loans.