James Fickel used 16 million USDC and 40 WBTC to purchase 4947 ETH two hours ago
According to on-chain analyst EmberCN, James Fickel, the founder of Amaranth Foundation, has finally broken even after four months of long positions on the ETH/BTC exchange rate. Two hours ago, James Fickel continued to buy 4,947 ETH (18.8 million USD) with 16 million USDC + 40 WBTC at an average price of 3,801 USD. From early January this year until now, he has borrowed a total of 2,781 WBTC (195 million USD) from Aave and sold it for 51,429 ETH to go long on the ETH/BTC exchange rate; his cost in the ETH/BTC exchange rate was at 0.054. The current return to an ETH/BTC exchange rate of 0.054 means that his long position in the ETH/BTC exchange rate has broken even.
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