PANews reported on November 3 that, according to on-chain analyst Yu Jin, a whale/institution named "7Siblings" once again bought the dip. After ETH fell by 4% today, they spent 8.15 million USDC to buy 2,210 ETH at a price of $3,687 two hours ago. Since the sharp drop on October 11th, they have used a total of 32.48 million USDC to buy 8,719 ETH, at an average price of $3,725. They consistently bought after the price drop. On October 11, after ETH dropped 10%, 13 million USDC bought 3,485 ETH at a price of $3,730. On October 17, after ETH fell by 7%, 11.33 million USDC bought 3,024 ETH at a price of $3,747. On November 3, after ETH fell by 4%, 8.15 million USDC bought 2,210 ETH at a price of $3,687.PANews reported on November 3 that, according to on-chain analyst Yu Jin, a whale/institution named "7Siblings" once again bought the dip. After ETH fell by 4% today, they spent 8.15 million USDC to buy 2,210 ETH at a price of $3,687 two hours ago. Since the sharp drop on October 11th, they have used a total of 32.48 million USDC to buy 8,719 ETH, at an average price of $3,725. They consistently bought after the price drop. On October 11, after ETH dropped 10%, 13 million USDC bought 3,485 ETH at a price of $3,730. On October 17, after ETH fell by 7%, 11.33 million USDC bought 3,024 ETH at a price of $3,747. On November 3, after ETH fell by 4%, 8.15 million USDC bought 2,210 ETH at a price of $3,687.

                                                                               Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday.                     The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction.  “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more