$ETH breaches the $1,600 mark – 7Sibling takes advantage to 'gather assets' strongly?
Just 10 hours ago, as ETH plunged, the investment organization #7Siblings unexpectedly made a bold 'Bottom Fishing' move: a total of 43 million USD in ETH was purchased through the 1inch platform. Right after completing the asset gathering, they continued to deposit 24,520 ETH into #AAVE V3, aiming to raise the Health Ratio (HR) to a safe level, protecting their investment position from liquidation risks.
Notably, this is not the first time 7Sibling has adjusted to buy in. The last time was during the dump on February 3rd, when they borrowed and gathered a total of 120 million USD in ETH around the price range of $2,400.
With the characteristic of being an organization holding a massive asset portfolio, 7Sibling usually plays with a long-term strategy, targeting corrections of 20–30% to accumulate ETH strongly. This move shows their confidence in ETH's recovery potential – and it could be a sign of a notable 'bounce back' in the near future?
