CoinVoice has recently learned that, according to on-chain analyst Yu Jin's monitoring, the well-known ETH/BTC long position holder James Fickel continued to reduce his ETH/BTC long position 2 hours ago: he sold 6,500 ETH (worth $22.24 million) to convert it into 235.6 WBTC for repayment and position reduction.
James Fickel's ETH/BTC long position peaked at the end of May when he borrowed 2,987 WBTC (worth $204.7 million) from Aave. The borrowed WBTC was converted to ETH at an average rate of 0.054. Later, as the ETH/BTC rate continued to decline, James Fickel began to reduce his position in August: he gradually redeemed ETH and sold it to repay the borrowed WBTC. Over the past four and a half months, he has sold 59,500 ETH to convert it into 2,398.2 WBTC for repayment and reduction of his position, with an average selling rate of 0.04. He currently has 575.3 WBTC in loans from his ETH/BTC long position. [Original link]
