Whale alert: Top ETH/BTC long position holder distributes 15,000 ETH

IconCryptoNewsTerminal Staff12 Sep, 2024

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Whale alert: Top ETH/BTC long position holder distributes 15,000 ETH

Crypto on-chain analyst AmberCN tweeted that James Fickel, the founder of Amaranth Foundation and the top ETH/BTC long holder, has reduced his position by 15,000 ETH. He traded it for 630.5 WBTC, worth about $36.57 million. This equates to roughly 0.042 BTC per ETH. Fickel remains the largest ETH/BTC long holder on-chain, with an outstanding loan balance of 2,235.9 WBTC ($130 million).