Long position on ETH/BTC exchange rate James Fickel sold 2000 ETH 7 hours ago to exchange for 76 WBTC and reduced his position

Odaily Planet Daily News: According to on chain analyst Yu Jin's monitoring, as the ETH/BTC exchange rate falls to a new low of 0.0377 since April 2021. James Fickel, the ETH/BTC exchange rate bull with the largest position on the chain, continues to reduce his position: 7 hours ago, he sold 2000 ETH (5.06 million US dollars) to exchange for 76 WBTC to lower his position. James Fickel's peak long position in ETH/BTC exchange rate was at the end of May, when he borrowed 2987 WBTCs ($204.7 million) from Aave and bought ETH at an exchange rate of 0.054. Later, as the ETH/BTC exchange rate continued to decline without any rebound, James Fickel had no choice but to reduce his holdings from August: redeeming ETH in batches and selling it in exchange for WBTC repayment. In the past two and a half months, he has sold 43600 ETH for 1766 WBTC ($118.9 million) to repay and reduce his position. His long position in ETH/BTC exchange rate currently has 1221 WBTC loans.