James Fickel spent another 10 million USDC to buy 3042.8 ETH

PANews reported on April 28 that on-chain analyst Yu Jin tweeted that 40 minutes ago, Amaranth Foundation founder James Fickel spent 10 million USDC to buy 3042.8 ETH at an average price of $3,286. He also borrowed 20 WBTC from Aave. It is expected that he will continue to sell the borrowed WBTC for ETH to go long on the ETH/BTC exchange rate. From the beginning of January this year to date, he has borrowed a total of 2,301 WBTC ($145M) from Aave and sold them for 41,944 ETH. The ETH/BTC exchange rate costs about 0.055. Since yesterday, the ETH/BTC exchange rate has rebounded from 0.049 to 0.052.