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ETH/BTC exchange rate 'dead longs' James Fickel used 2000 ETH to exchange for 67.39 WBTC to repay debts
BlockBeats news, on November 16th, according to Lookonchain, as the ETH/BTC Exchange Rate fell, James Fickel, who was 'long' on ETH/BTC Exchange Rate, once again converted 2000 ETH into 67.39 WBTC to repay the debt. Currently, he still owes 843.4 WBTC (approximately $77 million) on Aave, with a total loss of 24,400 ETH (approximately $76.45 million) due to the long ETH/BTC Exchange Rate.