7 Siblings spent approximately $22 million to buy 10,800 ETH

The whale/institution known as “7 Siblings” deployed roughly $22 million in stablecoins to buy 10,792 ETH at about $2,038 per token after ETH fell 15% over recent days, according to on-chain monitoring by Yu Jin. The entity had previously sold 18,500 ETH at approximately $2,356 following a 20% short-term rally in August, netting about $10.49 million in profit. The purchase adds to a pattern of buying after sharp ETH drawdowns and selling into short-term spikes. The trade matters as a signal that a large, previously profitable holder is accumulating ETH at lower levels. Traders will watch whether other large holders follow with similar dip-buying and whether ETH holds above the roughly $2,000 area where this position was established.