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Some transactions made by cryptocurrency trader James Fickel caught the attention of onchain viewers.
According to the data, Fickel recently purchased 3,534 Ethereum at an average price of $2,547, spending 9 million USDC.
According to the data, this trader seems to be generally successful in collecting ETH at a low price and then selling them at a high price. Fickel's two cryptocurrency wallets contain 226 thousand ETH worth a total of $569 million.
Since January 10, the trader has purchased $97.6 million of ETH at an average price of $3,158 and sold $65.7 million of ETH at an average price of $3,431.
Related News: <a href="https://en.bitcoinsistemi.com/whats-happening-bitcoin-etfs-see-3-billion-in-trading-volume-at-the-start-of-trading-hours/" target="_blank" rel="noopener noreferrer nofollow">What's Happening: Bitcoin ETFs See $3 Billion in Trading Volume at the Start of Trading Hours</a>
At the time of this writing, ETH price is trading at $2,521 and has lost 23% of its value in the last seven days.
Additionally, data shows that the analyst has held a long position in ETH/BTC since January 10.
Additionally, the trader borrowed 3,061 Wrapped Bitcoin (WBTC) worth $172 million via decentralized finance platform Aave and converted it into 56,445 ETH at a rate of 0.05424.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/trader-with-569-million-cryptocurrency-in-wallet-starts-a-new-trade/" rel="noopener noreferrer nofollow">Trader with $569 Million Cryptocurrency in Wallet Starts a New Trade</a>

Trader with $569 Million Cryptocurrency in Wallet Starts a New Trade

Bitcoin Sistemi EN

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