ETH/BTC bullish James Fickel sold 6,500 ETH for 235.6 WBTC to repay and reduce positions 2 hours ago

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, the famous ETH/BTC long position holder James Fickel has continued to reduce his ETH/BTC long position 2 hours ago: selling 6,500 ETH (22.24 million USD) to repay and reduce his position with 235.6 WBTC.

• James Fickel's peak ETH/BTC long position was at the end of May, when he borrowed as much as 2,987 WBTC (204.7 million USD) from Aave, purchasing ETH at an average exchange rate of 0.054.
• Later, as the ETH/BTC exchange rate continued to decline, James Fickel began to reduce his position starting in August: gradually redeeming ETH and selling it for WBTC to repay.
  Over the past four and a half months, he has already sold 59,500 ETH for 2,398.2 WBTC to repay and reduce his position, with an average exchange rate of 0.04.
• He currently has a borrowing of 575.3 WBTC remaining in his ETH/BTC long position.