$ETH is at $1,770 and the most disciplined buyer on chain just showed up again.



A multi wallet entity called 7 Siblings borrowed $10 MILLION USDT this morning and used it to buy 5,589 ETH at the local low.

They've been running this exact play for 18 months.

Every time ETH drops 10% or more, they borrow stablecoins against their existing ETH and buy more.

Their total deployed capital on this strategy is close to $200 MILLION.

Their liquidation price is structured below $1,100, meaning the position survives almost anything short of a full crash.

The wallet that called the August 2024 bottom at $2,270 and bought 100,000 ETH is the same wallet buying today. They haven't sold once during this entire accumulation cycle.
ETH-2.64%
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MarginMom
· 5h ago
$1100 liquidation threshold, clearly indicating that betting on ETH won't kill you
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MarketMakingForMoonlitDeepPool
· 5h ago
Will they still appear if it drops another 10% next time?
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TreatEarningsAsSnacks
· 5h ago
I haven't sold in 18 months; I would have been itching to sell long ago.
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GateUser-9335da8b
· 5h ago
The core of this strategy is one sentence: ETH will not go to zero.
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MempoolNomad
· 5h ago
On-chain data is much more honest than candlestick charts.
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OracleSkeptic
· 5h ago
I want to know how much ETH they collateralized to be able to borrow these.
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GateUser-991fc58a
· 5h ago
The 200M position has never been sold once, I am impressed by this determination.
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Neon-LitStreetsAfterTheRain
· 5h ago
Bought from 2270 down to 1770, truly a continuous dollar-cost averaging downward.
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