ETH/BTC Investor Spends $46.49M on ETH and WBTC Amid Market Crash

According to BlockBeats, on-chain analyst Yu Jin reported on August 9 that ETH/BTC investor James Fickel spent $46.49 million USDC to purchase ETH and WBTC over a two-day period following the market crash on August 5.

Following the market crash on August 5, Fickel began purchasing ETH and WBTC in batches starting in the afternoon of August 6. Over the course of two days, it made significant investments, including $34.49 million USDC to acquire 13,676 ETH at an average price of $2,522 per ETH, and $12 million USDC to purchase 211 WBTC at an average price of $56,824 per WBTC.$ETH $WBTC $BTC