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Andrew Kang's associated address has increased its BTC short position to $100 million, and has partially taken profit at $106,000.

9 hours ago

On October 21st, according to the monitoring of HyperInsight (accessible via https://t.me/HyperInsight and opened in a new tab), the related address (0x0b5) of Andrew Kang, a co-founder of Mechanism Capital, continuously increased his short position in BTC for three hours. The current notional value has reached $103 million, and he placed partial take-profit orders at $106,000. According to the monitoring, after last night's announcement that "Trump said he would impose 155% tariffs if no agreement is reached", the address adjusted its position accordingly: closing a long position of approximately $5.42 million in ENA and adding $24.86 million to the short position in BTC and $2.58 million to the short position in ETH. Currently, it has made a profit of $5.27 million this week, with a total notional value of approximately $1.33 billion. All positions are in a floating profit state, with a floating profit margin of over 30%.
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