PANews reported on July 4 that on-chain analyst Yu Jin monitored that the ETH/BTC bull James Fickel transferred 30,000 ETH (76.45 million USD) to Coinbase Prime 20 minutes ago and transferred 50,000 ETH (127.42 million USD) to a Coinbase Prime custody address.
He has been bullish on the ETH/BTC exchange rate for the whole of last year: he borrowed BTC by collateralizing ETH, then sold the BTC to convert it back to ETH for further collateralization. He lost 20,632 ETH (68.84 million USD) while being bullish on the ETH/BTC exchange rate (he hasn't made any moves for six months as of today).
