Ethereum Tops $2,000: But Culper Research Is Still Betting Against It
New York-based activist short-selling firm Culper Research has disclosed that it is betting against Ethereum (ETH) and ETH-linked equities, including BitMine (BMNR). The firm’s disclosure arrives amid significant fluctuations in Ethereum (ETH) this month, reflecting broader market volatility and testing investor conviction. Why Culper Is Short on Ethereum In a recent report titled “Ethereum (ETH USD): What Vitalik Knows, and Tom Lee Doesn’t,” Culper Research argued that the network’s December 2025 Fusaka upgrade has impaired the token’s economics. “We are short Ether (ETH USD)
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