Data: Amaranth Foundation founder buys 1,697 ETH again at an average price of $2,946

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, Amaranth Foundation founder James Fickel continued to spend 5 million USDC to buy 1,697 ETH 7 hours ago, at a price of 2,946 dollars.

It is reported that James Fickel has been bullish on the ETH/BTC exchange rate since the beginning of January this year: he has borrowed a total of 2,321 WBTC (134 million dollars) by collateralizing ETH from Aave, and then sold it to exchange for 42,325 ETH. The cost of the ETH/BTC exchange rate is 0.0548. The current ETH/BTC exchange rate price is 0.0508, which means his exchange rate long position is currently facing a floating loss of about 9.8 million dollars (-7.3%).