ETH/BTC Exchange Rate Sees Significant Sell-Off

According to Odaily, on-chain analyst @ai_9684xtpa has reported that ETH/BTC bull James Fickel sold a total of 11,338 WETH for WBTC over the past eight hours. The total value of the sale is approximately $26.78 million, with an average selling price of $2,362 per WETH. This significant sell-off caused ETH to drop by 2% last night, nearly returning to its pre-rebound price. Currently, Fickel holds 142,103 stETH and has loaned out 1,308 WBTC, maintaining a health score of 3.42.