Scimitar Capital co-founder: Two major ETH whales have closed most of their leveraged positions over the past week; Ethereum and the crypto market have bottomed out, and the vicious cycle is about to end.

Scimitar Capital co-founder: Two major ETH whales have closed most of their leveraged positions over the past week; Ethereum and the crypto market have bottomed out, and the vicious cycle is about to end.

Chaincatcher2026/02/05 05:50

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According to ChainCatcher, Scimitar Capital co-founder zlex posted on X that over the past week, two ETH whales holding massive assets have closed most of their leveraged positions. This move caused ETH to drop by more than 20% and dragged BTC down to the support level of its previous cycle's all-time high.

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Scimitar Capital co-founder: Two major ETH whales have closed most of their leveraged positions over the past week; Ethereum and the crypto market have bottomed out, and the vicious cycle is about to end.

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