Whale holding $5.6B in ETH is selling, dumps $88M in 15 hours

Key Points

1. The '7 Siblings' whale group sold 19,461 ETH ($88.2M) at an average price of $4,532, while holding 1.21M ETH ($5.6B) in total.

2. Between Feb. 3 and April 7, the group acquired 103,543 ETH for $229.7M at an average price of $2,219, including a $42.2M purchase in early April.

3. Short-term ETH holders are realizing $553M in daily gains, with profit-taking levels still 39% below last month's peak.

4. The Ethereum Foundation sold 2,795 ETH ($12.7M), reducing its holdings to just 99.9 ETH.

5. Some remain bullish, with predictions that ETH could reach $8,656 if Bitcoin hits $150,000, based on historical market trends.

6. Ethereum's TVL exceeds $90B, and spot Ether ETFs saw record $1.01B in daily net inflows.