On-chain data recently revealed an interesting piece of information. An institutional entity called "7 Siblings" holds 252,000 ETH, with a total value exceeding $800 million. This scale ranks fifth among known institutional holdings, directly surpassing the Ethereum Foundation's own public holdings.

Since October last year, this institution has started a new round of buying. Their approach isn't quick in and out trading but rather gradual accumulation. They buy at an average price of $3,479 per ETH, accumulating a total of 48,588.72 ETH, investing approximately $169 million. Currently, Ethereum's market price is about $322 below their cost basis, meaning this recent accumulation is temporarily at a floating loss.

But the logic behind this institution's actions is very clear. They are not engaging in short-term speculation but are making long-term asset allocations. With such a large holding and ongoing accumulation, it indicates they are genuinely optimistic about Ethereum's underlying value and future prospects.

In the current market environment, the fact that large capital is choosing to accumulate core assets rather than trade frequently is a noteworthy signal.

Conversely, this also indirectly shows that the value of the Ethereum ecosystem is attracting more and more diversified large-scale capital. Continuous institutional entry and long-term positioning could bring a more stable asset base and a longer-term perspective to the Ethereum network.

Currently, ETH is still below this institution's average cost. How the market will develop next, and whether these large holders will adjust their strategies based on market conditions, remains to be seen.