#CulperResearch明牌做空ETH Day 11 of my 10-year commitment to holding and checking in

CulperResearch released a report openly shorting ETH, focusing on the impact of Fusaka upgrade on the token model: network scaling caused Gas fees to plummet by about 90%, staking yields declined, weakening validators' incentives; on-chain activity is mostly address poisoning and dust transactions, fake activity inflates data, real ecosystem demand is obscured. Institutions suggest this could trigger a negative spiral of staking withdrawals and price declines.

This view short-term suppresses market sentiment, combined with BTC retracement leading ETH to weaken in tandem, increasing market volatility. As a ten-year holder, I refuse to blindly follow institutional long or short judgments, avoid impulsive trading, strictly control leverage, and stay light on positions, focusing on core fundamentals like ETH ecosystem iteration, L2 development, and genuine staking data.

Long-term positioning is unaffected by short-term public opinion. I view institutional shorting rationally, navigate volatility with a long-term perspective, maintain steady holding rhythm, and use time to verify ecosystem value, steadily completing the 3650-day holding journey.
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