Just came across something interesting on chain. Turns out there's this whale group called '7 Siblings' that's been quietly stacking ETH through leverage, similar to what Trend Research has been doing. They've deposited 596,800 ETH across multiple addresses on Spark lending protocol—basically the biggest depositor there. What caught my eye is how they borrowed around 193 million in stablecoins (DAI, USDT, USDS) and used it to buy 49,287 ETH back when prices tanked last October and November, averaging around 3,531 per coin. Fast forward to now, and that move isn't looking great. With ETH trading at 2.35K currently, they're sitting on an unrealized loss of about 27.7 million. The addresses ranked 2-7, 10-11 on Spark all belong to this siblings group. Interesting risk management strategy—or maybe they're just waiting for a bounce back.