#CulperResearchOpenlyShortsETH 📉 #CulperResearchOpenlyShortsETH — A New Debate Around Ethereum The crypto market is once again in the spotlight after Culper Research publicly announced a short position against Ethereum (ETH) and several ETH-linked companies, including firms with large ETH treasuries. The move has triggered a major debate across the crypto community about Ethereum’s long-term economics. Culper Research argues that Ethereum’s tokenomics weakened after the December 2025 “Fusaka” upgrade, which expanded network block space and pushed transaction fees sharply lower. According to the firm, fees dropped by roughly 90%, reducing validator income and potentially weakening staking incentives over time. Because validator rewards depend partly on transaction fees, Culper warns this could create a negative loop: lower fees → reduced staking yield → weaker demand to stake → potential pressure on network security and token value. Some analysts even described the risk as a potential “death spiral” scenario if economic incentives continue to deteriorate. However, the Ethereum community strongly disputes this view. Supporters argue that lower fees actually improve usability and adoption, especially for DeFi, NFTs, and Layer-2 ecosystems. They also say network activity and institutional interest remain strong despite short-seller criticism. 💡 Dragon Fly Official Insight: From Dragon Fly Official’s perspective, this short position is less about Ethereum collapsing and more about how professional funds exploit macro narratives. When a large research firm publicly shorts an asset, it often aims to influence sentiment as much as price. 🔥 According to Dragon Fly Official, traders should focus on real indicators such as network activity, liquidity flows, and Layer-2 adoption, rather than reacting purely to headline narratives. 📊 In the view of Dragon Fly Official, this situation highlights a classic crypto market dynamic: whenever a dominant blockchain faces structural criticism, volatility increases—and that volatility often creates both risk and opportunity for traders. #CulperResearchOpenlyShortsETH

【$APR Signal】1H pullback confirmation, main force supports the market, targeting a second surge $APR The 1H timeframe experienced a 15% surge yesterday and is currently in a healthy pullback and consolidation phase. The price repeatedly tests around 0.115, and the 1H candlestick is attempting to stabilize above the short-term moving average. The 4H timeframe shows that the price has broken through the previous consolidation range, with the overall trend turning upward. The current pullback presents an excellent second entry opportunity. 🎯Direction: Long ⚡Entry/Order: 0.1125 - 0.1150 🛑Stop Loss: 0.1090 🚀Target 1: 0.1220 🚀Target 2: 0.1280 🛡️Trade Management: - Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the stop loss of the remaining position up to the entry price. If the price strongly breaks above 0.1220 and stabilizes, move the remaining position’s stop loss to hold and aim for greater gains. Depth Logic: Although the price has pulled back from the high point, the open interest remains stable without large-scale long liquidation, indicating that the main force is still present. The 1H RSI is at a healthy 56, leaving room for further upward momentum. Market depth shows sell orders stacking above 0.1160, while buy orders are thicker below 0.1150, forming short-term support. Combined with the breakout structure on the 4H timeframe, this pullback is a typical “breakout - pullback - re-acceleration” pattern, making it a good setup for accumulation. View real-time market 👇 $APR --- Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL ‍#我在Gate广场过新年 #2月非农意外负增长

$ETH 1M & 1W update