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COINOTAG News, citing Onchain Lens, notes that the bottom-fishing whale ‘7 Siblings’ borrowed 61 million USDC to buy 18,053 ETH, underscoring persistent demand amid cautious liquidity deployment.
Over the preceding two days, the entity extended purchases, deploying a total of 133.49 million USDC to accumulate 37,971 ETH at an average price of $3,515 per ETH.
Taken together, the activity highlights ongoing demand for ETH driven by large holders and demonstrates how significant USDC liquidity can facilitate asset accumulation, contributing to observable shifts in market depth.
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