James Fickel, the force behind the Amaranth Foundation, just made a massive move.

In a swift action, he dumped $26 million worth of ETH for BTC within hours! Word is, he was scrambling to pay back a hefty loan he took out on AAVE.

Fickel was heavily invested in ETH, especially after the buzz around Bitcoin ETFs, but it seems like he's switching gears. With an estimated $38.5 million loss on his current position, it’s clear things aren’t going as planned.

This will definitely be interesting to watch! DYOR!

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