$BTC
⚡️The whales can’t stand it anymore⚡️
⚡️Sell! Sell! Sell! ⚡️
ETH/BTC bull Fickel can’t stand it anymore?
He just sold 10,000 ETH
Exchanged for 425 WBTC
Making a profit of 26 million US dollars to pay off debts!
This big guy, James Fickel, is a die-hard bull of the ETH/BTC exchange rate. In the first seven months of this year, he was like a crazy gambler, borrowing WBTC from Aave, and then exchanging it for ETH, betting that ETH could rise more than BTC. As a result, his cost price was about 0.054, which looked promising at the time.
But the market is always unpredictable. Today, Fickel finally gave in and sold some ETH to reduce risks. However, don’t look at his selling. He still has a large amount of WBTC loans in his hands, which is 148 million US dollars when converted into US dollars! This position is still leveraged!
Therefore, Fickel's operation is like telling the market: "Although I have reduced my position a little, my faith is still there, ETH/BTC, I am optimistic about you!" Let's see who will win this bet in the end!
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