TechFlow reports, according to on-chain analyst Yujin's monitoring, James Fickel spent 10 million USDC 40 minutes ago to buy 3,042.8 ETH at an average price of $3,286; he also borrowed another 20 WBTC from Aave, indicating his likely continuation of selling the borrowed WBTC for ETH to go long on the ETH/BTC exchange rate.
Since early January this year, he has borrowed a total of 2,301 WBTC (approximately $145 million) from Aave, which he sold to acquire 41,944 ETH, with an average ETH/BTC entry cost of around 0.055. Since yesterday, the ETH/BTC rate has rebounded from 0.049 to 0.052.




