A long-term long ETH/BTC exchange rate whale began to reduce its position
Odaily2024/08/11 03:27
By:Odaily
Odaily News According to Embers monitoring, James Fickel, a long-term bull of the
ETH/BTC exchange rate, has begun to reduce his long position in the ETH/BTC exchange rate by selling 10,000 ETH in exchange for 425.75 WBTC to repay his loan in the past 5 hours. He borrowed WBTC from Aave from January to July this year and sold it for ETH to go long on the ETH/BTC exchange rate. His ETH/BTC exchange rate cost was around 0.054. After partially reducing his position today, his long position in the ETH/BTC exchange rate is still very large: he still has 2438.5 WBTC (worth about $148 million) in loans.
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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