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Andrew Kang's associated address liquidated a BTC short position worth over $25 million, achieving a unrealized return of over 160%.
BlockBeats News, October 22nd, according to HyperInsight monitoring, it was reported that 8 hours ago, Andrew Kang, Co-Founder of Mechanism Capital, closed his short position on BTC with address (0x0b5) to take profit, reducing the position by about $25.32 million. He then longed ENA with an additional amount of over $1.5 million 4 hours ago for hedging.
According to monitoring, at 1:00 AM today, the same address opened a new 40x short position on BTC at $11,320, with a position size of approximately $29.9 million. There is still a $4.16 million short position open, with an unrealized P&L of over 160%. At the same time, the 25x ETH long position was closed at the high of $4,008 to go short, with the unrealized P&L now exceeding 100%.
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