Data: James Fickel has sold 38,685 ETH for WBTC since August 11th to repay loans on Aave.
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September 18, 2024
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Ethereum/Bitcoin Bull James Fickel Continues to Reduce Position:
According to on-chain analyst Ash, Ethereum/Bitcoin bull James Fickel continued to reduce his position and cut losses last night by selling 11,535 ETH (worth $27.06 million) for 449.5 WBTC to repay a loan. Since August 11th, he has cumulatively sold 38,685 ETH (worth $93.8 million) for 1,557.8 WBTC to cover his borrowings on Aave.
At its peak, his WBTC borrowings on Aave reached 2,865 (worth $172 million). He has currently repaid over half of his initial position, with 1,308.8 WBTC (worth $78.71 million) remaining. This translates to a reduction of over half his Ethereum/Bitcoin long position over 37 days.
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