According to on-chain data analysis, the well-known whale address '7 Siblings' has significantly increased its holdings of ETH in the past 10 hours, spending 42.66 million USDC to purchase 25,102 ETH at an average price of $1,700. Currently, its total ETH holdings have exceeded 660,000 coins, with a market value of approximately $1.037 billion. Notably, this address has borrowed $412 million from multiple lending protocols by collateralizing ETH, and the current borrowing positions are healthy, with liquidation prices all below $1,100. This trend shows the market's continued optimism towards ETH.