A bottom-fishing whale known as “7 Siblings” has borrowed an additional $61 million in USDC to increase its holdings of Ethereum by 18,053 ETH. This move underscores the whale’s strategy to capitalize on potential price movements in the cryptocurrency market. By expanding its Ethereum position, “7 Siblings” aims to strengthen its investment portfolio amid fluctuating market conditions. The decision to borrow such a significant amount highlights the whale’s confidence in the future performance of Ethereum. As the crypto landscape evolves, larger entities like “7 Siblings” continue to engage in strategic borrowing to enhance their asset holdings.
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