đ SMART MONEY BOUGHT $2,038 ETH WITH BORROWED CASH
"7 Siblings" has one simple playbook: buy hard crashes, sell sharp pumps. In August they sold 18,500 ETH after a 20% spike.
This week ETH dropped ~15% to the $2,000 area, and they showed up again:
â Borrowed $25M in stablecoins from Spark
â Swapped $22M into 10,792 $ETH
â Average price ~$2,038
They weren't alone. Another whale that sold 5,368 ETH at $2,739 on Sept 22 just bought back 6,087 ETH at $2,031.
Meanwhile an Ethereum Foundation wallet sold another 1,000 ETH.
My take: when dip buyers are willing to borrow to buy, $2,000 is a level they expect to defend. If it breaks, leveraged buyers become forced sellers fast.
Who's right this time: the whales buying $2K, or the Foundation selling it?
#ETH #Ethereum #WhaleWatch #CryptoMarket
"7 Siblings" has one simple playbook: buy hard crashes, sell sharp pumps. In August they sold 18,500 ETH after a 20% spike.
This week ETH dropped ~15% to the $2,000 area, and they showed up again:
â Borrowed $25M in stablecoins from Spark
â Swapped $22M into 10,792 $ETH
â Average price ~$2,038
They weren't alone. Another whale that sold 5,368 ETH at $2,739 on Sept 22 just bought back 6,087 ETH at $2,031.
Meanwhile an Ethereum Foundation wallet sold another 1,000 ETH.
My take: when dip buyers are willing to borrow to buy, $2,000 is a level they expect to defend. If it breaks, leveraged buyers become forced sellers fast.
Who's right this time: the whales buying $2K, or the Foundation selling it?
#ETH #Ethereum #WhaleWatch #CryptoMarket
