ETH/BTC exchange rate bull James Fickel paid off his WBTC loan about 4 hours ago, losing $68.84 million in the past year

PANews reported on December 28 that according to on-chain analyst Ember Monitoring, ETH/BTC exchange rate bull James Fickel sold 6429 ETH ($21.45 million) 4 hours ago and exchanged it for 227 WBTC to pay off all WBTC borrowings. James Fickel continued to be long on the ETH/BTC exchange rate for a whole year and lost $68.84 million (20,632 ETH):

• In the first half of the year, I borrowed 2,987 WBTC through Aave at an exchange rate of 0.054 and sold them in exchange for 55,315 ETH to go long the ETH/BTC exchange rate;
• Since August, ETH has been sold to buy back WBTC for repayment. A total of 75,947 ETH was spent to buy back 2,987 WBTC for repayment at an exchange rate of 0.0393;
• In the end, he lost 20,632 ETH ($68.84 million) on the long ETH/BTC exchange rate.