James Fickel Continues to Reduce ETH/BTC Long Position
12/24/2024 1:06:40 AM
According to EmberCN, renowned ETH/BTC long trader James Fickel has continued to reduce his position. Two hours ago, he sold 6,500 ETH, equivalent to $22.24 million, to acquire 235.6 WBTC for debt repayment. At the peak of his position in late May, Fickel borrowed 2,987 WBTC, valued at $204.7 million, on Aave to buy ETH at an average rate of 0.054. As the ETH/BTC rate declined, he started reducing his position in August by gradually selling ETH to repay WBTC. Over four and a half months, he has sold 59,500 ETH to repay 2,398.2 WBTC at an average rate of 0.04. Currently, he still has a loan of 575.3 WBTC. (Source)
Aave ETH BTC WBTC James FickelMore from 余烬 (@EmberCN): Analyst about On-chain Analysis