James Fickel lost about 22,500 ETH worth $55 million by going long on BTC/ETH

Odaily News According to Lookonchain monitoring, James Fickel lost about 22,500 ETH due to long BTC/ETH. Worth $55 million. From January 10 to July 1, he 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 has spent 12 million USDC to buy 211 WBTC and exchanged 47,476 ETH for 1,888 WBTC (worth $113.5 million) at $0.04 to repay Aave debt. He currently has 980 $WBTC ($132 million) in debt on #Aave, with a total loss of about 22.5K $ETH ($55 million)!