According to on-chain analyst Ember, ETH/BTC exchange rate long James Fickel sold 6429 ETH ($21.45 million) for 227 WBTC 4 hours ago to pay off all WBTC borrowings. James Fickel continued to go long on ETH/BTC exchange rate for a full year and lost $68.84 million (20,632 ETH): In the first half of the year, 2,987 WBTC were borrowed through Aave at an exchange rate of 0.054 and sold for 55,315 ETH to make long ETH/BTC exchange rates; Since August, they have sold ETH one after another to buy back WBTC repayment, spending a total of 75,947 ETH to buy back 2,987 WBTC repayment at an exchange rate of 0.0393; Ultimately, he lost 20,632 ETH ($68.84 million) on the long ETH/BTC exchange rate.