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@yba
According to on chain analyst Yu Jin's monitoring, the famous ETH/BTC exchange rate bull James Fickel's year long long long ETH/BTC exchange rate finally came to an end today. He sold 6429 ETH (21.45 million US dollars) 4 hours ago to exchange for 227WBTC and paid off all WBTC payments. He went long on the ETH/BTC exchange rate for a whole year, losing $68.84 million (20632 ETH). In the first half of the year, he borrowed 2987 WBTCs from Aave at a rate of 0.054 and sold them for 55315 ETH to go long on the ETH/BTC exchange rate; Starting from August, ETH was gradually sold to buy back WBTC for repayment, and a total of 75947ETH was spent to buy back 2987WBTC for repayment at an exchange rate of 0.0393 US dollars; In the end, he incurred a loss of 20632 ETH ($68.84 million) on the ETH/BTC exchange rate by long trading. @ftiioma
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