The cryptocurrency market has recently entered a general downward trend, with a market cap decrease of 7.6%, bringing it down to $3.12 trillion. In this declining environment, significant movements by large investors in the Ethereum 
$2,541 space have drawn attention. Notably, a group of investors known as “7 Siblings” provided a signal of confidence in the market by purchasing 50,429 ETH in a single day. This transaction propelled the trading volume to $84.96 billion, indicating that investors were shifting their strategies.
Actions of Major Investors
The “7 Siblings” group made aggressive purchases at the market’s low points, acquiring a total of 50,429 ETH at an average price of $2,480, amounting to an investment of approximately $125 million. This move illustrates that major players in the cryptocurrency market are willing to take risks during downturns.
Despite the decline in market value, trading volume reached $84.96 billion, reflecting a 17% increase. Investors intensified their trading activities to capitalize on lower prices. Although Ethereum’s price stabilized at $2,577.76, it experienced a 17% loss over the past 24 hours.
What Experts Are Saying
Expert Justin Bechler emphasized that the cryptocurrency market is undergoing a challenging process. He noted that while digital assets might face volatility in the short term, opportunities for long-term investors remain. Meanwhile, Crypto_Twittier pointed out that Ethereum has reached multi-year support levels that could be suitable for historical buying.
Although Ethereum’s monthly decline of 28% has raised concerns among investors, the increase in trading volume indicates the market’s resilience. Experts warn that declines could be temporary and emphasize the importance of strategic purchases.
