James Fickel (Amaranth Foundation founder) just swapped another 2,418 ETH ($6.13M) for 90.013 WBTC at an ETH/BTC rate of 0.0372:

• address: 0xd85351181b3f264ee0fdfa94518464d7c3defada
• This address belongs to the entity James Fickel (Amaranth Foundation founder)

With the ETH/BTC rate consistently falling over the past 2 days and now reaching a new low of 0.0371 since April 2021, James Fickel resumed exchanging ETH back for WBTC, totaling 4,418 ETH ($11.12M) sold for 166 WBTC.

Overall, since August 11. James Fickel has exchanged 12M USDC for 211.18 WBTC and 45,234 ETH back to 1,813 WBTC ($109.9M) at an exchange rate of only 0.04 to repay the debt on Aave and reduce his ETH/BTC long position.

Currently, James Fickel still has 1,116 WBTC ($75.77M) in loans and incurred an estimated total loss of over 23,000 ETH ($57.9M) by going long the BTC/ETH trading pair

Fig 1. James Fickel sold 4,418 WETH ($11.13M) for WBTC in the past 27 hours.

Fig 2. James Fickel bought 166 WBTC ($11.12M) using WETH in the past 27 hours to repay the debt on Aave.

Fig 3. The overall WBTC trading history of James Fickel (Amaranth Foundation founder).