Crypto millionaire sells more Ethereum for Bitcoin in a $70M-losing trade
A known crypto millionaire, active investor, trader, and Ethereum (ETH) supporter continues to capitulate from a losing Ethereum-Bitcoin (BTC) trade. James Fickel is among the richest cryptocurrency investors and a recognized entrepreneur in longevity research as the Amaranth Foundation’s founder. In its most recent activity, Fickel swapped another 6,500 ETH for 235.6 wBTC in the Ethereum blockchain. This swap, currently worth around $22 million, is a partial close of the millionaire’s ETH long position against BTC. According to SpotOnChain’ s post, Amaranth’s founder has already lost approximately 22,000 ETH with this trade, worth over $70 million. His wBTC activity dates back from October 2023, supposedly when Fickel started his trades against the leading cryptocurrency. Picks for you Why MicroStrategy might collapse below $100 in 2025 ...