TechFlow reports, according to on-chain analyst Yujin's monitoring, James Fickel, founder of the Amaranth Foundation, has finally broken even on his four-month-long bullish position on the ETH/BTC exchange rate. Two hours ago, hardcore ETH/BTC bull James Fickel continued adding to his position by purchasing 4,947 ETH (worth $18.8 million) using 16 million USDC and 40 WBTC, at an average price of $3,801 per ETH. Since early January this year, he has cumulatively borrowed 2,781 WBTC (worth $195 million) from Aave, sold them for 51,429 ETH to go long on the ETH/BTC exchange rate, with a cost basis of 0.054 ETH per BTC.
The current ETH/BTC exchange rate has now returned to 0.054, meaning his long position on ETH/BTC has finally reached break-even.
