Short seller Culper bets against ether, Tom Lee's BitMine citing 'death spiral' risk

In a strategic move that has garnered attention in the financial world, the prominent short seller known as Culper has placed a bet against ether, the cryptocurrency that powers the Ethereum network. This decision comes alongside concerns voiced by Tom Lee, a well-known figure in the cryptocurrency space, regarding Lee's venture, BitMine. Lee has expressed apprehensions about a potential 'death spiral' risk associated with ether, which refers to a scenario where falling prices lead to sell-offs that further depress the market, creating a detrimental cycle. This development highlights the ongoing volatility and uncertainty in the cryptocurrency market, as key players assess the future of digital assets. source: https://www.coindesk.com/markets/2026/03/05/short-seller-culper-bets-against-ether-bitmine-citing-death-spiral-risk