According to TechFlow, Lookonchain monitoring shows that ETH/BTC exchange rate bull James Fickel has suffered a floating loss of about 18,000 ETH (US$43.7 million).
From January 10 to July 1, Fickel borrowed 3,061 WBTC (172 million) from Aave and exchanged it for 56,445 ETH at an exchange rate of 0.05424. Since August 7, he has spent 12 million USDC to buy 211 WBTC and exchanged 16,000 ETH for 671 WBTC (39.9 million USD) at a price of $0.042 to repay his debt to Aave.
Currently, Fickel has a debt of 2,196 WBTC ($132 million) on Aave, with a total loss of approximately 18,000 ETH ($43.7 million).
