The most explosive event in the market today isn't BTC's price action, nor any macro data—but rather, the second showdown between two legendary whales on-chain.

The main character of the story is the mysterious trader behind the on-chain address 0x218.

Half a month ago, this guy pulled off a textbook-level countertrade, using $5 million in principal to make a hefty $5.08 million profit. He single-handedly brought down the so-called "invincible" whale from his pedestal, turning the opponent's balance sheet red for the first time ever. That battle made him the most controversial villain on-chain—a ruthless player who takes down anyone in his way.

But the market never lacks for plot twists.

This time, the roles have reversed.

**His short position on ETH got a harsh lesson from the market.**

The cold, hard numbers:
- From a $5 million unrealized profit, now to a $2.49 million unrealized loss
- A drawdown of over $7 million
- Total position size as high as $51.72 million
- Currently ranked second on Hyperliquid's ETH long leaderboard (short positions forcibly flipped to long exposure)

This kind of drama is even more thrilling than a bull market pump.

**1. Who is this guy, really?**

The whole market is watching him because his trading style is less like investing and more like waging an invisible war.

**Round One: Toppling the "Invincible Whale"**
- Precisely counter-trading
- Netting $5.08 million in half a month
- Personally ending his opponent’s legendary record

**Round Two: All-in Short on ETH on December 1**
- Entry price around $2,810
- Average short cost compressed to $3,005
- Position size so heavy it broke the platform’s single-coin record

The result? The market delivered a huge green candle to let him know: this time, you bet wrong.

(To be continued...)