According to the monitoring of on-chain analyst Ember, James Fickel, a die-hard bull of the ETH/BTC exchange rate, finally made a profit after being trapped for several months: his ETH/BTC exchange rate long position has now made a floating profit of $8.06 million (+4%).
From the beginning of January this year to date, he has borrowed 2,981 WBTC (US$204 million) from Aave and sold it for 55,015 ETH to go long on the ETH/BTC exchange rate, with a cost of 0.0541.
Currently, the ETH/BTC exchange rate has rebounded to 0.0563.