Scimitar Capital

Scimitar Capital is a cryptocurrency proprietary trading firm founded in 2023. Its core business involves trading digital assets using the firm's own capital, focusing on market inefficiencies and volatility. The team, led by co-founders thiccy and zlex, actively shares market insights on X (formerly Twitter), particularly around leveraged positions and liquidation dynamics. A key competitive edge is their ability to analyze on-chain leverage and whale behavior, as demonstrated in their commentary on ETH whale deleveraging. The market pain point they address is the risk of cascading liquidations during volatile periods, which can distort prices and create trading opportunities. In the past six months (Feb-Aug 2026), co-founder zlex publicly stated that two major ETH whales had closed most of their leveraged positions, causing ETH to drop over 20% and pulling BTC to a key support level. He argued that this forced deleveraging marked a market bottom, citing that the remaining liquidation threshold for Trend Research was around $1,600, about 24% below current prices. He expressed confidence in holding long ETH positions, believing the negative cycle would end once a rebound occurs. Notably, a rumor about Scimitar Capital liquidating $2 billion in altcoins was debunked as fake news, highlighting the importance of verifying information in this space.