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Whale/institution "7Siblings" started to buy the dip in ETH by borrowing 40 million USDC from Aave.
On October 11, according to on-chain data analyst Yu Jin's monitoring, the whale/institution "7 Siblings", which has repeatedly bought the dip on ETH after big dumps, has started to buy the dip on ETH again after today's big dump. They borrowed 40 million USDC from Aave and have spent 5 million USDC in the past hour to buy 1,326 ETH at a price of 3,771 USD. This whale/institution has previously bought the dip on ETH after big dumps multiple times, making significant profits: · On August 5 last year, when ETH fell by 15%, they bought 100,000 ETH at about 2,270 USD; · On April 7 this year, when ETH fell by 10%, they bought 25,000 ETH at about 1,700 USD.