TechFlow reports, according to Ember monitoring, long-term ETH/BTC rate bull James Fickel has started reducing his position. Over the past five hours, he sold 10,000 ETH to acquire 425.75 WBTC to repay loans, thereby lowering his long exposure on the ETH/BTC exchange rate.
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, with an average cost around 0.054. After today's partial deleveraging, he still holds a long position in ETH/BTC backed by 2,438.5 WBTC ($148M) in outstanding borrowings.
Add to Favorites
Share to Social Media
