The data shows that as the ETH/BTC ratio has declined, James Fickel has started to repay his BTC loans, having recently exchanged 2,000 ETH for 69.69 WBTC ($4.87 million). Previously, James Fickel lost about 22,500 ETH by going long ETH/BTC. From January 10th to July 1st, he borrowed 3,061 WBTC (172 million USD) from Aave, which was exchanged for 56,445 ETH at 0.0543. He currently has 910.67 WBTC (63.62 million USD) to repay.