James Fickel Suffers Major Loss in BTC/ETH Trading Pair

10/26/2024 2:29:59 AM

According to Lookonchain, James Fickel experienced a significant loss of approximately 22,500 ETH, valued at $55 million, by taking a long position on the BTC/ETH trading pair. From January 10 to July 1, Fickel borrowed 3,061 WBTC, worth $172 million, from Aave and exchanged it for 56,445 ETH at a rate of 0.05424. Since August 7, he spent $12 million USDC to purchase 211 WBTC and exchanged 47,476 ETH, indicating a strategic shift in his trading approach. (Source)

USDC Aave ETH WBTC James Fickel

More from Lookonchain (@lookonchain): Looking for smartmoney onchain

---