(lookonchain)

James Fickel(@jamesfickel) lost ~18,000 $ETH ($43.7M) by going long the BTC/ETH trading pair!

From Jan 10 to July 1, he borrowed 3,061 $WBTC (172M) from #Aave and exchanged it for 56,445 $ETH at a rate of 0.05424.

Since Aug 7, he spent 12M $USDC to buy 211 $WBTC and exchanged 16,000 $ETH for 671 $WBTC ($39.9M) at $0.042 to repay the debt on #Aave.

He currently has 2,196 $WBTC ($132M) in debt on #Aave , losing ~18,000 #ETH ($43.7M) in total!