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"7 Siblings" buys the dip again: accumulated purchase of 49,000 ETH, unrealized losses of nearly $19 million.

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According to a report from 深潮 TechFlow on November 15, monitoring by 余烬 shows that on-chain data indicates that since the big dump on October 11, the whale address group “7 Siblings” has continued to buy the dip on Ethereum and made another move yesterday:

Borrowed 11 million USDS from Spark,

Buy 3,496 ETH at the price of $3,147.

Statistics show that since 10/11, the group has cumulatively invested $174 million to buy 49,287 ETH, with an overall average entry price of about $3,531. Currently, there have been no sell records for their positions, but due to the fall in ETH, the overall unrealized loss is approximately $18.97 million.

The market is generally focused on the movements of this batch of “buy and hold” on-chain whales, viewing it as one of the key sentiment indicators for the recent ETH market.

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