Data: ETH/BTC exchange rate bull James Fickel sold 6,429 ETH 4 hours ago

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, the famous ETH/BTC long position holder James Fickel has completely ended his year-long ETH/BTC long position today. He sold 6,429 ETH (21.45 million USD) for 227 WBTC to pay off all his WBTC loans. He incurred a loss of 68.84 million USD (20,632 ETH) from his year-long ETH/BTC long position:

1. In the first half of the year, he borrowed 2,987 WBTC through Aave at an exchange rate of 0.054 and sold it for 55,315 ETH to go long on the ETH/BTC exchange rate;
2. Starting in August, he gradually sold ETH to buy back WBTC for repayment, spending a total of 75,947 ETH to buy back 2,987 WBTC at an exchange rate of 0.0393 USD;
3. Ultimately, he lost 20,632 ETH (68.84 million USD) on his long position in the ETH/BTC exchange rate.