CoinVoice has learned that according to on-chain analyst Yu Jin's monitoring, the famous ETH/BTC long position holder James Fickel has completely ended his year-long ETH/BTC long position today. He sold 6,429 ETH (21.45 million USD) for 227 WBTC 4 hours ago to pay off all WBTC debts. He suffered a loss of 6.884 million USD (20,632 ETH) in his year-long ETH/BTC long position.
In the first half of the year, he borrowed 2,987 WBTC through Aave at an exchange rate of 0.054, selling them for 55,315 ETH to go long on the ETH/BTC rate. Starting from August, he gradually sold ETH to buy back WBTC for repayment, spending a total of 75,947 ETH to buy back 2,987 WBTC at an exchange rate of 0.0393 USD. Ultimately, he incurred a loss of 20,632 ETH (6.884 million USD) on his long position in the ETH/BTC rate. [Original link]
