TechFlow News, September 13 — According to monitoring by Spot On Chain, crypto whale James Fickel has exchanged 5,000 ETH (worth $11.3 million) for 204.8 WBTC at an exchange rate of 0.041 ETH/BTC over the past six days. He was previously a strong bull on the ETH/BTC ratio but stopped increasing his long position since August 11, converting 15,000 ETH (worth $37.4 million) and 12 million USDC back into 841.7 WBTC (worth $49.4 million) to repay loans on Aave.
Despite this, he remains the largest on-chain long position holder for the ETH/BTC ratio, with outstanding WBTC borrowings totaling 2,235.9 WBTC (approximately $130 million).
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