Whale alert: Top ETH/BTC long position holder distributes 15,000 ETH
CryptoNewsTerminal Staff12 Sep, 2024
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).