James Fickel further borrowed 100 WBTC ($6.88M) from Aave and exchanged them for 1,778 ETH ($6.86M) at a rate of 0.0562 in the past 11 hours:

• address: 0xd85351181b3f264ee0fdfa94518464d7c3defada

Notably, James Fickel has been longing the ETH/BTC trading pair since the Bitcoin ETF launched on January 10, 2024. So far, the founder of Amaranth Foundation has borrowed 3,001 WBTC ($207M) from Aave and exchanged it for 55,367 ETH at a rate of 0.0542.

Currently, with the ETH/BTC exchange rate rebounding to 0.0568, James Fickel is making a profit of $9.92M (+4.8%).

Fig 1. James Fickel borrowed 100 WBTC ($6.88M) from Aave and exchanged them for ETH at an average price of $68,828 in the past 11 hours.

Fig 2. James Fickel bought 1,778 ETH ($6.86M) at an average price of $3,858 in the past 11 hours.