Aave

Cryptocurrency

Wrapped Bitcoin

Million

Billion

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

Other articles published on Aug 6, 2024

Upbit Announces New Trading Support for PENDLE

Crypto Market Turmoil: Hezbollah Launches Explosive Drone Attacks on Northern Israel

Falling crypto market: perfect opportunity for passive investors to act?

RCO Finance (RCOF) Crypto AI Features Draw In Cardano (ADA) and Solana (SOL) Investors, Here’s Why

Crypto Market Sees 5 Coins Surge Despite Major Weekly Declines, Bittensor (TAO) Leads

Crypto's Largest Dip Since FTX Collapse Sees Limited Reaction

Join our free newsletter for daily crypto updates!