ETH/BTC exchange rate bulls admit losses and stop losses, selling 10,000 ETH in the past 5 hours to repay borrowings
According to on-chain analyst Ember monitoring, ETH/BTC exchange rate dead long James Fickel began to throw in the loss stop, the whale in the past 5 hours by selling 10,000 ETH for 425.75 WBTC (26 million dollars) to repay the loan, to reduce their ETH/BTC exchange rate long position.
The whale continued to borrow WBTC from Aave from January to July this year and then sold ETH in exchange for ETH to make long ETH/BTC exchange rate. Its ETH/BTC exchange rate cost is around 0.054. After today's partial reduction, its ETH/BTC exchange rate long position still has 2438.5 WBTC (148 million dollars) of borrowing.