James Fickel's Costly ETH/BTC Trading Strategy and Debt Repayment

12/28/2024 3:21:31 AM

According to Lookonchain, James Fickel has fully repaid his debts, incurring a significant loss of approximately 25,000 ETH, valued at $83.6 million, from his long position on the ETH/BTC trading pair. Between January 10 and July 1, Fickel borrowed 3,061 WBTC, worth $172 million, from Aave and exchanged it for 56,445 ETH at a rate of 0.054. Since August 7, he utilized $12 million USDC to purchase 211 WBTC and exchanged 76,405 ETH for 2,904 WBTC, valued at $208.5 million, at a rate of 0.038 to repay his debt on Aave. (Source)

USDC Aave ETH WBTC James Fickel

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