Mysterious ’Seven Siblings’ Wallets Go All-In: Buying ETH Dip with Borrowed USDC

While retail investors panic-sell, these seven mysterious wallets are executing a bold leveraged play that's turning heads across crypto markets.

The Strategic Move

Using borrowed USDC to accumulate ETH during price dips represents one of the most sophisticated plays in decentralized finance. These seven interconnected wallets—dubbed the 'Seven Siblings' by on-chain analysts—are demonstrating textbook contrarian behavior that would make traditional fund managers blush.

Leveraged Accumulation Strategy

Borrowing stablecoins to buy volatile assets during market downturns requires either incredible confidence or reckless abandon. Given the precision timing and coordinated execution across seven separate wallets, this appears to be anything but amateur hour.

Market Implications

When whales make moves this coordinated during market weakness, it often signals either insider knowledge or deep conviction. Either way, their borrowed USDC positions suggest they're betting big on an ETH rebound—and willing to pay the borrowing costs to prove it.

Just another day in crypto—where 'smart money' often means 'other people's money' leveraged to the absolute maximum.

Is ETH done with the slide? 

ETH dipped to the $3,700 range, as BTC abandoned its previous higher tier and sank below $105,000. The rapid shift in trading sentiment suggests the crypto market is not yet finished with its price drops. 

ETH open interest slid further to $18.37B, with no significant growth in the past few days. The series of liquidations is keeping traders away until the market shows a clearer direction. 

ETH saw over $121M liquidations in the past four hours, during the most active part of the crash. The past few days saw additional profit-taking by whales, as well as flash crashes, which further broke down sentiment. 

Are whales selling ETH? 

The largest single liquidation for ETH happened on Hyperliquid, where a position valued at $20.42M was wiped out. In total, 291,122 traders were liquidated in the past 24 hours, mostly on the BTC and ETH markets. 

The rapid market crash caused some panic-selling, as in the case of one known hacker wallet. The wallet sold again at a loss, after recently re-buying ETH at $4,269. 

The market crash spooked the hacker into panic-selling 9,240 $ETH($34.88M) at $3,775, taking a $4.56M loss!

Looks like this hacker isn't much of a trader — always buying high and selling low.https://t.co/6uvosrsGZC pic.twitter.com/T5fVEyMqYV

— Lookonchain (@lookonchain) October 17, 2025

Additionally, on-chain data suggests exchanges sold ETH, adding to the long liquidations in the past day. 

Following the recent market slide, liquidations are starting to affect DeFi positions. The liquidations put more ETH in the hands of DeFi protocols, potentially increasing the selling pressure.

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