Data: A certain long-term bullish whale in the ETH/BTC exchange rate has started to reduce positions

According to ChainCatcher news, monitoring by Ember shows that long-term bullish James Fickel on the ETH/BTC exchange rate has started to reduce his position. Over the past 8 hours, he has sold 10,000 ETH to exchange for 425.75 WBTC to repay loans, thereby lowering his long position on the ETH/BTC exchange rate.

From January to July this year, he continuously borrowed WBTC from Aave and then sold it for ETH to go long on the ETH/BTC exchange rate, with his cost basis for the ETH/BTC exchange rate around 0.054. After today's partial reduction, his long position on the ETH/BTC exchange rate remains very large: he still has 2,438.5 WBTC (worth about 148 million USD) in loans.