TechFlow reports, according to on-chain analyst EJ, James Fickel, the ETH/BTC long position holder, sold another 7,600 ETH six hours ago, exchanging them for 299.8 WBTC (worth approximately $18 million) to repay debt and reduce his position. Since beginning to deleverage and stop losses on August 11, he has cumulatively sold 23,600 ETH for 970.5 WBTC (also worth around $18 million) to repay loans taken from Aave. He remains the largest on-chain long position holder for the ETH/BTC exchange rate, with 1,896 WBTC (approximately $110.93 million) in outstanding debt still to be repaid.
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