Data: ETH/BTC Rate Bullish, James Fickel Has Realized Losses of Approximately 18,000 ETH
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September 14, 2024
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ChainCatcher News: ETH/BTC Bull James Fickel Loses Roughly 18,000 ETH ($43.7 Million)
According to Lookonchain, the ETH/BTC bull, James Fickel, has incurred an estimated loss of 18,000 ETH (approximately $43.7 million).
Between January 10th and July 1st, Fickel borrowed 3,061 WBTC ($172 million) from Aave and exchanged it for 56,445 ETH at a rate of 0.05424. Since August 7th, he has spent 12 million USDC to buy 211 WBTC, and exchanged 16,000 ETH for 671 WBTC ($39.9 million) at a price of 0.042 to repay his Aave debt.
Currently, Fickel owes 2,196 WBTC ($132 million) on Aave, resulting in a total estimated loss of 18,000 ETH ($43.7 million).
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