According to Odaily, on-chain analyst Yu Jin reported that ETH/BTC trader James Fickel sold 7,600 ETH in exchange for 299.8 WBTC (worth $18 million) six hours ago to reduce his position. Since August 11, Fickel has been selling off his holdings to mitigate losses, accumulating a total sale of 23,600 ETH for 970.5 WBTC (worth $18 million) to repay his loans on Aave.

Fickel remains the largest ETH/BTC trader on-chain, with an outstanding loan of 1,896 WBTC (worth $110.93 million).