James Fickel(@jamesfickel) lost ~18,000 $ETH($43.7M) by going long the BTC/ETH trading pair!

From Jan 10 to July 1, he borrowed 3,061 $WBTC(172M) from #Aave and exchanged it for 56,445 $ETH at a rate of 0.05424.

Since Aug 7, he spent 12M $USDC to buy 211 $WBTC and exchanged 16,000 $ETH for 671 $WBTC($39.9M) at $0.042 to repay the debt on #Aave.

He currently has 2,196 $WBTC($132M) in debt on #Aave, losing ~18,000 $ETH($43.7M) in total!

https://debank.com/profile/0xd85351181b3f264ee0fdfa94518464d7c3defada/history?chain=eth