James Fickel lost 24,400 ETH by going long on ETH/BTC
Lookonchain monitoring shows that as the ETH/BTC exchange rate falls, James Fickel exchanged 2,000 ETH ($6.13 million) for 67.39 WBTC to repay debts. James Fickel still owes 843.4 WBTC ($77 million) on Aave. He lost 24,400 ETH ($76.45 million) due to the long position of the ETH/BTC exchange rate.
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