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    Krypto-Millionär verkauft mehr Ethereum für Bitcoin in einem 70-Millionen-Dollar-Verlusthandel


    Krypto-Millionär verkauft mehr Ethereum für Bitcoin in einem 70-Millionen-Dollar-Verlusthandel

    https://finbold.com/crypto-millionaire-sells-more-ethereum-for-bitcoin-in-a-70m-losing-trade/

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    7 Comments

    1. TheMissingNTLDR on

      Title is trying to tell the whole story in one sentence. I feel dizzy 😵‍💫

    2. coinfeeds-bot on

      tldr; Crypto millionaire James Fickel, known for his investments and as the founder of the Amaranth Foundation, has been selling Ethereum (ETH) for Bitcoin (BTC) in a trade that has resulted in a $70 million loss. Recently, he swapped 6,500 ETH for 235.6 wBTC, worth around $22 million, as part of closing his ETH long position against BTC. Fickel’s strategy involves using DeFi platforms like Aave to manage his positions without derivatives. Despite his losses, other investors, including Cumberland, are also adjusting their ETH positions, reflecting the volatile nature of the crypto market.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    4. JDpantz on

      Smart trade there. Eth has shown it’s a bad asset with constant inflation

    5. Abysskitten on

      Silver linings, least he doesn’t have to pay ETH gas fees anymore.

    7. CragBawz on

      I read that as $70 and thought they were writing about my trade for a second

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