**Crypto Millionaire's Ether Bet Goes South, Debt Balloons to $132M**
- James Fickel, an early Ethereum investor, has seen his debt on Aave skyrocket to $132 million. Ouch! đŹ
- Fickel's strategy? Borrow $172M in Wrapped Bitcoin (WBTC) to buy 56,445 ETH, betting Ether would outperform Bitcoin. Spoiler: It didn't.
- Since January, Ether's price has dropped 24% against Bitcoin, turning Fickel's bet into a $43.7M loss.
- Adding to the drama, Ether ETFs have seen $581M in outflows, with Grayscale leading the pack at $2.7B.
- Fickel's early $400K investment in ETH at $0.80? Still legendary, but this year, not so much.
