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ETH/BTC exchange rate long James Fickel sold 6,500 ETH for 235.6 WBTC repayment reduction

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2024-12-24 01:13:30
According to on-chain analyst Ember, ETH/BTC exchange rate long James Fickel continued to reduce his ETH/BTC exchange rate long position 2 hours ago:
Sell 6500 ETH (22.24 million USD) for 235.6 WBTC repayment reduction.
The peak of James Fickel's ETH/BTC long position was at the end of May, when he lent 2,987 WBTC ($204.70 million) at Aave, and the lent WBTC bought ETH at an average exchange rate of 0.054.
Later, as the ETH/BTC exchange rate fell all the way, James Fickel began to reduce his position in August: redeem ETH in batches and sell it for WBTC repayment.
So far, in four and a half months, he has sold 59,500 ETH for 2398.2 WBTC repayment to reduce his position, and the average exchange rate sold is 0.04.
His ETH/BTC exchange rate long position currently has 575.3 WBTC borrowings
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