A long-term ETH/BTC exchange rate whale began to reduce its position
James Fickel, a long-term bull on the ETH/BTC exchange rate, has started to reduce his position. In the past 8 hours, he has sold 10,000 ETH to repay his loan and bought 425.75 WBTC to lower his ETH/BTC exchange rate long position.
From January to July this year, he continuously borrowed WBTC from Aave and sold it for ETH to go long on the ETH/BTC exchange rate. His cost for ETH/BTC exchange rate was around 0.054. After partially reducing his position today, his long position on ETH/BTC exchange rate is still very large: he still owes 2438.5 WBTC (worth about 148 million US dollars).
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.
You may also like
What Will Happen in the Bitcoin Price in the Coming Days? Has the Peak Been Reached or Is There Still Room to Rise? Here are the Opinions of the Anal
What kind of price movements will Bitcoin, the world's largest cryptocurrency, experience in the coming days? Here are the opinions.
This Artificial Intelligence Robot Keeps 40.000 Dollars in His Wallet: It Will Send It All To Whoever Convinces It
In the cryptocurrency world, different applications continue to emerge every day. This time, an artificial intelligence robot is on the agenda.
How Much Will Bitcoin Price Be in 2026? Analyst Reveals Prediction on Live Stream
Cryptocurrency analyst Mark Palmer made a statement predicting the Bitcoin price for 2026. Here are the details.
Standard Chartered: Stablecoins are increasingly used in traditional financial applications
Trending news
MoreCrypto prices
More
