Culper Shorts Ethereum, Says Buterin Selling Signals More Pain Ahead
Culper Research disclosed a short position in ether and ETH-linked securities on Thursday, arguing that Ethereum’s post-upgrade economics have deteriorated enough to put sustained downside pressure on the token. The firm pointed directly at Ethereum’s December 2025 Fusaka upgrade, and at Vitalik Buterin’s recent sales, as evidence that “ETH is going lower.” “NEW: We are short Ether ETH, and ETH-linked securities, incl. BMNR,” Culper wrote on X. “We think ETH tokenomics are impaired following the December 2025 Fusaka upgrade. Vitalik knows it and is selling, while ETH’s most ardent bull,....
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