James Fickel used 16 million USDC and 40 WBTC to buy 4,947 ETH 2 hours ago

According to on-chain analyst Yu Jin, Amaranth Foundation founder James Fickel has finally broken even on his four-month long ETH/BTC long position. Two hours ago, the bullish Fickel continued to buy into the market by using 16 million USDC and 40 WBTC to purchase 4,947 ETH (valued at 18.8 million USD) at an average price of 3,801 USD. He has borrowed 2,781 WBTC (195 million USD) from Aave since January of this year and sold it for 51,429 ETH to maintain his long position on ETH/BTC. The cost of his ETH/BTC long position is at 0.054. Currently, the ETH/BTC exchange rate has returned to 0.054, which means that Fickel has finally broken even on his ETH/BTC long position.