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CryptoMedium•6 March 2026•

1 min read

Ethereum Defies Short-Seller Report as Daily Burn Rate Hits $1.2 Billion

Key Facts

1Culper Research issued a bearish short thesis report on Ethereum.

2On-chain data for March 2026 shows Ethereum's daily burn rate reached $1.2 billion.

Ethereum (ETH) is maintaining strong upward momentum, effectively defying a bearish short-selling thesis recently issued by Culper Research. On-chain data for March 2026 reveals that the network's daily burn rate has surged to an impressive $1.2 billion. This massive spike in fee burning is driven by high network utility and transaction volumes, reinforcing the asset's deflationary mechanics. Currently, the rate of token destruction is outpacing new supply issuance, a trend that strengthens Ethereum's long-term value proposition. Market analysts suggest that these robust fundamental catalysts are outweighing speculative pressures from short-sellers. The resilience of ETH highlights the growing demand for the network's block space despite broader market volatility.