On October 11th, according to on-chain data analyst Ember, 7 Siblings, a whale /institutional investor who has repeatedly bought ETH at the buy the dips after major price drops, once again started buy the dips ETH at the bottom after today's sharp drop. They borrowed 40 million USDC from Aave and have spent 5 million USDC to buy 1,326 ETH at $3,771 in the past hour.
This whale/institution has previously bought ETH at the buy the dips after a major drop many times and made a lot of profit:
On August 5th of last year, when ETH fell 15%, they bought 100,000 ETH at around $2,270.
On April 7th of this year, when ETH fell 10%, they bought 25,000 ETH at around $1,700.
