ETH/BTC exchange rate bull James Fickel repaid a WBTC loan about 4 hours ago, with a loss of $68.84 million over the past year
According to on-chain analyst Yu Jin's monitoring, ETH/BTC long position holder James Fickel sold 6,429 ETH ($21.45 million) four hours ago and exchanged it for 227 WBTC to repay all his WBTC loans.
James Fickel maintained a year-long long position on the ETH/BTC exchange rate, losing $68.84 million (20,632 ETH): In the first half of the year, he borrowed 2,987 WBTC through Aave at an exchange rate of 0.054 and sold them for 55,315 ETH to go long on the ETH/BTC exchange rate; starting in August, he gradually sold off ETH to buy back WBTC for repayment. He spent a total of 75,947 ETH at an exchange rate of 0.0393 to buy back and repay the 2,987 WBTC; ultimately incurring a loss of 20,632 ETH ($68.84 million) from going long on the ETH/BTC exchange rate.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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