James Fickel Moves $204M in ETH to Coinbase Amid $68M Loss on ETH/BTC Long Position
2025-07-04 09:26:06
Main Idea
James Fickel transferred 80,000 ETH worth $204 million to Coinbase Prime, sustaining a $68 million loss on his ETH/BTC long position.
Key Points
1. James Fickel moved 80,000 ETH (valued at ~$204 million) to Coinbase Prime in two transactions.
2. Fickel's ETH/BTC long strategy involved pledging ETH to borrow BTC, then selling BTC to acquire more ETH.
3. He incurred a loss of 20,632 ETH (~$68.84 million) on this leveraged position.
4. The transactions highlight volatility and strategic adjustments in the ETH/BTC market.
Description
Mars Finance News reported on July 4th that prominent ETH/BTC trader James Fickel executed significant transfers totaling 80,000 ETH to Coinbase Prime, valued at approximately $204 million. According to Yujin
$ETH
$2490.90
-3.32%
$BTC
$107724.2
-1.62%
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