According to ChainCatcher, according to Ember monitoring, James Fickel, a long-term bull of ETH/BTC exchange rate, has begun to reduce his position. In the past 8 hours, he sold 10,000 ETH in exchange for 425.75 WBTC to repay his loan to reduce his ETH/BTC exchange rate long position.

He borrowed WBTC from Aave from January to July this year and sold it for ETH to go long on ETH/BTC exchange rate. His ETH/BTC exchange rate cost was around 0.054. After partially reducing his position today, his ETH/BTC exchange rate long position is still very large: he still has 2438.5 WBTC (worth about $148 million) in loans.