According to EmberCN, the ETH/BTC exchange rate continues to decline and has reached 0.0371. The largest on-chain ETH/BTC long position holder, James Fickel, reduced his position four hours ago by selling 2,418 ETH (worth $6.13 million) and converting it into 90 WBTC to repay and reduce his position. Currently, James Fickel's ETH/BTC long position still involves a loan of 1,116 WBTC (worth $75.77 million).