Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
James Fickel, a bullish trader on the ETH/BTC exchange rate, has an unrealized loss of about 18,000 ETH

James Fickel, a bullish trader on the ETH/BTC exchange rate, has an unrealized loss of about 18,000 ETH

Bitget2024/09/14 08:56

Lookonchain monitoring shows that ETH/BTC bull James Fickel has a floating loss of about 18,000 ETH ($43.7 million).

From January 10 to July 1, Fickel borrowed 3,061 WBTC ($172 million) from Aave and exchanged it for 56,445 ETH at an exchange rate of 0.05424. Since August 7, he spent 12 million USDC to purchase 211 WBTC and exchanged his16,000 ETH for671 WBTC ($39.9 million) at a price of $0.042 per unit to repay the debt owed to Aave.

Currently, Fickel owes Aave a debt of2,196 WBTC($132million). In total he lost approximately18,000ETH($43.7million).

1

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!