Tonight, let’s spotlight a real heavyweight: 0xebe1 When he entered the market in April, no one was talking about the US-Iran conflict. When he increased his position in June, the Strait of Hormuz was still operating normally. On July 14, when his unrealized profit peaked at $7.08M, he didn’t close his position. On July 22, when his unrealized profit dropped to just $368K, he actually increased his position by 70%. That’s the story of address 0xebe1. Today, I dug him up again on AiCoin. Current account net worth: $12.95M, all short positions: SKHX $37.31M BRENTOIL $15M SMSN, HIMS, NVDA small positions Margin utilization: 99.99%, direction: 100% bearish. 30-day win rate: 85.71% (23 trades, all profitable), total profit: $4.71M. The most ruthless part is his trading rhythm: Before the event takes shape → He’s already in the market When unrealized profit peaks → He stays put When unrealized profit sharply declines → He increases his position When his account is underwater → He keeps adding margin This isn’t just about "betting on the right direction," it’s about using deep pockets to buy survival rights. It’s hard for ordinary people to replicate: $50M USDC margin isn’t something everyone can afford. 99.99% utilization isn’t something everyone dares to risk. The drawdowns he can withstand, you might not be able to handle. But there’s one thing worth learning: He never opens positions on the day news breaks; instead, he starts positioning two to three months before the news comes out. Next time you see a "whale increasing their position," try digging into what this address was doing six months ago. If he was quietly building positions back then, chances are he’s waiting for a big play. The play might not pan out, but he has the capital to wait for the day it does. What do you think of this address’s moves? Let’s discuss in the comments!