According to Chain analyst Yu Jin’s monitoring, ETH/BTC exchange rate bull James Fickel continued to reduce his ETH/BTC exchange rate long position in the past 30 hours: selling 10,000 ETH (33.57 million US dollars) and exchanging it for 348.3 WBTC for repayment and reduction of position.
This previously largest ETH/BTC exchange rate long position on the chain is now almost cleared: only 227 WBTC ($21.76 million) in loans are left, and one or two more sales can completely close the position. Currently estimated, his losses in long ETH/BTC exchange rate are close to 70 million US dollars (20,665 ETH).