ETH/BTC exchange rate long James Fickel continued to reduce his position to stop loss last night: he sold 11,535 ETH ($27.06M) in exchange for 449.5 WBTC to repay and reduce his position.
Since he started reducing his position on 8/11, he has sold a total of 38,685 ETH ($93.8M) in exchange for 1,557.8 WBTC to repay his loans on Aave.
At the peak, his WBTC loans on Aave were as high as 2,865 ($172M), and there are still 1,308.8 ($78.71M) of loans that have not been repaid. In 37 days, he has reduced his ETH/BTC exchange rate long position by more than half.
