James Fickel just further bought 87.792 WBTC ($5M) and 802.321 ETH ($2M) at average prices of $56,953 and $2,439, respectively:

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

Overall, in the past 11 hours, James Fickel has spent a total of $16M to buy ETH and WBTC, including:

• swapping 11M USDC for 4,336 ETH at $2,537 on average;
• swapping 5M USDC for 87.79 WBTC at $56,953 on average.

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 3,061 WBTC (172M) from Aave and exchanged it for 56,445 ETH at a rate of 0.05424.

Fig 1. James Fickel bought 4,336 ETH ($11M) in the past 11 hours.

Fig 2. James Fickel bought 87.79 WBTC ($5M) in the past 11 hours.