CandleFocus Infamous Whale Lost $55 Million on His Recent Cryptocurrency Trades – Here’s the Story of the Failure
2024-10-26
Author: Content Editor
An anonymous crypto trader named James Fickel has reportedly suffered major losses in recent trades. According to onchain data, Fickel lost a total of 22,500 ETH, equivalent to $55 million, in a long position on the BTC/ETH pair. He had borrowed 3,061 WBTC on the Aave platform and exchanged them for 56,445 ETH. Later, he used $12 million to buy WBTC and paid off his debt on Aave with 1,888 WBTC, worth $113.5 million. Currently, Fickel owes 980 WBTC, valued at $132 million, and his total losses stand at $55 million. It is interesting to note that Fickel holds no other cryptocurrencies in his wallet.
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