$BTC
ETH/BTC bull James Fickel makes a big move!
💥The storm of reducing positions is coming!
According to the latest news from the on-chain analyst, ETH/BTC exchange rate bull James Fickel has made another move, and staged a shocking reduction drama 2 hours ago!
💰6500 ETH for 235.6 WBTC
• James Fickel sold 6500 ETH, worth up to 22.24 million US dollars, and quickly converted it into 235.6 WBTC to repay the loan and reduce the position.
📈The legendary road from peak to reduction
• At the end of May, James Fickel's ETH/BTC long position reached its peak, lending 2987 WBTC (worth 204.7 million US dollars) and buying ETH at an average exchange rate of 0.054.
• However, the ETH/BTC exchange rate subsequently fell all the way, and James Fickel began to redeem ETH in batches from August and exchanged it for WBTC to repay the loan.
• In four and a half months, he has sold 59,500 ETH in exchange for 2,398.2 WBTC, with an average selling rate of 0.04.
• Currently, James Fickel's ETH/BTC long position still has 575.3 WBTC loans that have not been repaid.
The market is changing, and the movements of the big guys are worth paying attention to!
Follow me and share the latest high-quality market information with you every day, so that you can make a fortune without getting lost!
