James Fickel, a die-hard bull on the ETH/BTC exchange rate, spent 11 million USDC to buy 4,336 ETH and 5 million USDC to buy 87.8 WBTC in the past 12 hours.

He borrowed WBTC from Aave from January to July this year and sold it for ETH to go long on the ETH/BTC exchange rate.

He currently has 2,987 WBTC ($168.8M) of loans on Aave, all of which have been exchanged for ETH. His ETH/BTC exchange rate cost is around 0.054.

This should be the only remaining ETH/BTC exchange rate bull whale 😳

(There were still many in the first half of the year, but as the exchange rate continued to decline, they basically gave in)

Address: 0xd85351181b3f264ee0fdfa94518464d7c3defada