Recently, the spotlight in the crypto market has been on a trader named James Fickel. Starting from August 11th, Fickel strategically reduced his position, leveraging the price fluctuations between ETH and WBTC. By selling 15,000 ETH, he obtained approximately $36,570,000 worth of 630.5 WBTC, aiming to repay his loan and effectively mitigate his market exposure risk. Although taking proactive measures, Fickel remains the largest ETH/BTC price ratio long on the blockchain with an outstanding WBTC borrowing amount of 2,235.9 tokens, valued at $129,790,000. This series of operations reflects the strategy choices and risk management awareness of crypto market participants in the face of volatility.