ETH/BTC exchange rate bull James Fickel sold 6,500 ETH for 235.6 WBTC to repay and reduce positions 2 hours ago

Odaily Planet Daily reports that on-chain analyst Yu Jin monitored that the famous ETH/BTC exchange rate bull James Fickel continued to reduce his ETH/BTC long position 2 hours ago: sold 6,500 ETH (22.24 million USD) for 235.6 WBTC to repay and reduce positions. ◎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 USD) on Aave, purchasing ETH with the borrowed WBTC at an average exchange rate of 0.054. ◎Later, as the ETH/BTC exchange rate continued to decline, James Fickel began to reduce his positions starting in August: redeeming ETH in batches 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 positions, with an average exchange rate of 0.04.

@His ETH/BTC long position currently has 575.3 WBTC in loans.