In the cyclical ups and downs of the crypto market, short positions often face the "test" of their lifecycle. On February 6, an Ethereum whale named "pension-usdt.eth" exemplified this contrarian strategy—while the US stock market sent optimistic signals, this large holder went against the trend, reinforcing their threefold leveraged short position.

According to on-chain analysis platform HyperInsight, as disclosed by BlockBeats, this trader's current short bet has reached $53.73 million, with an Ethereum holding of 27,104 tokens. This move to increase shorts during a market rebound perfectly illustrates what is called "non-consensus investing."

The underlying logic behind such a strategy may be worth pondering—when short-term rebounds can easily deceive most participants, experienced traders are positioning themselves for potential long-term cycle corrections. The value of short positions often lies not in short-term fluctuations but in capturing larger trend reversals.