【ETH/BTC Exchange Rate Bull James Fickel Sells 6,500 ETH for 235.6 WBTC to Repay and Reduce Position】According to a report by Golden Finance, on-chain analyst Yu Jin monitored that ETH/BTC Exchange Rate Bull James Fickel continued to reduce his ETH/BTC long position 2 hours ago: selling 6,500 ETH ($22.24 million) for 235.6 WBTC to repay and reduce his position. James Fickel's peak ETH/BTC long position was at the end of May when he borrowed as much as 2,987 WBTC ($204.7 million) from Aave, purchasing ETH with borrowed WBTC at an average exchange rate of 0.054. Later, as the ETH/BTC exchange rate fell, James Fickel began to reduce his position starting in August: gradually redeeming ETH and selling it for WBTC to repay. So far, over the past four and a half months, he has sold 59,500 ETH for 2,398.2 WBTC to repay and reduce his position, with an average selling exchange rate of 0.04. ◎ His current ETH/BTC long position still has 575.3 WBTC in loans.
