Home > Quick > Body

ETH/BTC long James Fickel paid off WBTC borrowing about 4 hours ago, losing $68.84 million in the past year

clock
2024-12-28 01:51:09
According to on-chain analyst Ember, ETH/BTC exchange rate long James Fickel sold 6429 ETH ($21.45 million) for 227 WBTC 4 hours ago to pay off all WBTC borrowings. James Fickel continued to go long on ETH/BTC exchange rate for a full year and lost $68.84 million (20,632 ETH):
In the first half of the year, 2,987 WBTC were borrowed through Aave at an exchange rate of 0.054 and sold for 55,315 ETH to make long ETH/BTC exchange rates;
Since August, they have sold ETH one after another to buy back WBTC repayment, spending a total of 75,947 ETH to buy back 2,987 WBTC repayment at an exchange rate of 0.0393;
Ultimately, he lost 20,632 ETH ($68.84 million) on the long ETH/BTC exchange rate.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
New Tab Page - Desk3 | Plugin
Stay ahead of the game in the cryptocurrency space.