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Well-Known Crypto Trader James Fickel Loses $43 Million Shorting Bitcoin Against Ether
- James Fickel, a well-known crypto trader, has lost $43 million while shorting bitcoin against ether.
- Fickel, an early investor in ether, believed that it would outperform bitcoin.
- However, his trading strategy resulted in a loss of ~18,000 ETH.
- Despite the approval of spot ETH ETFs, the price of ether has not performed as expected.
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