Sometimes believing in Ethereum is painful

James Fickel is in the loss of 18,000 ETH ($43.7M) in six months, trying to long the ETH/BTC pair.

From January 10 to July 1, he borrowed 3,061 WBTC ($172M) and exchanged it for 56,445 ETH at a ratio of 0.05424 ETH/BTC

Since August 7, he spent $12M USDC to buy 211 WBTC and exchanged 16,000 ETH for 671 WBTC at a rate of 0.042 ETH/BTC to pay off his debt on AAVE.

Total debt on AAVE is 2,196 WBTC ($132M), in total the user is in the loss of $43.7M.

Sometimes believing in Ethereum is painful

James Fickel is in the loss of 18,000 ETH ($43.7M) in six months, trying to long the ETH/BTC pair.

From January 10 to July 1, he borrowed 3,061 WBTC ($172M) and exchanged it for 56,445 ETH at a ratio of 0.05424 ETH/BTC

Since August 7, he spent $12M USDC to buy 211 WBTC and exchanged 16,000 ETH for 671 WBTC at a rate of 0.042 ETH/BTC to pay off his debt on AAVE.

Total debt on AAVE is 2,196 WBTC ($132M), in total the user is in the loss of $43.7M.

https://x.com/lookonchain/status/1834849876171276389