TechFlow reports that on October 25, according to on-chain analyst Warp's monitoring, the ETH/BTC exchange rate continues to decline, currently falling to 0.0371. James Fickel, the largest ETH/BTC bull on-chain, reduced his position again four hours ago by selling 2,418 ETH (approximately $6.13 million) and converting them into 90 WBTC to repay loans and reduce exposure.
It is understood that James Fickel still holds a borrowed position of 1,116 WBTC (approximately $75.77 million) in his current long ETH/BTC trade.




