Popular cryptocurrency whale James Fickel continues to strengthen his position that Ethereum will rise against Bitcoin.
Reported by on-chain analysis platform Lookonchain to data According to James Fickel, who took action on March 8, to Bitcoin (BTC) opposite Ethereum (ETH) strengthened its position.
decentralized exchange Aave (AAVE) worth $103 million through 2,031 Bitcoins Borrowing money, Fickel replaced all of these assets with Ethereum. Experienced name US spot Bitcoin ETFs Since its ratification on January 10 ETH/BTC at parity $0.05539 with average 36,677 Ethereum intake made.
The ETH/BTC parity dropped significantly last year as Ethereum was crushed against Bitcoin. However, the expectation that spot Bitcoin ETF approval may bring spot Ethereum ETF approval will lead to Ethereum revival and thus This led to ETH/BTC entering an upward trend.
Currently James Fickel’s 288 million dollar portfolio It consists almost entirely of Ethereum.