James Fickel has once again borrowed 350 WBTC from Aave to sell and exchange for 43,784 ETH

According to on-chain analyst EmberCN, with the U.S. SEC urging exchanges to expedite updates on the 19B-4 document for ETH spot ETFs, the likelihood of approval for ETH spot ETFs has greatly increased. The price of ETH rose by 18% in five hours. During this period, several on-chain whales bought into ETH (most using leverage): 

1. James Fickel, founder of Amaranth Foundation, continued to borrow 350 WBTC (25 million USD) from Aave and sold it for 43,784 ETH.

James Fickel has been long on the ETH/BTC exchange rate since early January this year and has borrowed a total of 2,741 WBTC (191 million USD) from Aave and sold it for 50,688 ETH. His cost in terms of the ETH/BTC exchange rate is at 0.054; 

2. Three hours ago, a whale who had previously profited $20.8 million from investments in both Ethereum and Chainlink borrowed ten million USDC from Aave and then purchased 2836.5 stETH at a price of $3,525 each.

This same whale also spent twenty million USDC one week ago (May14th) to purchase313 .24 WBTC at an average price per coin of $63 ,848.