Andrew Kang's Associated Address Pulls Off a "Long-Short Combo": Takes Profit at ETH's High and Opens Massive Short Position with Nearly a Billion Dollars

BlockBeats News, October 19th, according to on-chain AI analysis tool CoinBob (@CoinbobAI_bot), Mechanism Capital co-founder Andrew Kang's related address (0x0b5) once again took profit at a high level on his ETH long position and then switched to a short position.

Just the day before, he had adjusted his positions, closing all short positions and opening long positions on ETH, BTC, and SOL, while also increasing his long position on ENA. However, today he adjusted his positions again from long to short, currently holding a BTC short position worth nearly $31 million, an ETH short position worth $59.78 million, and an ENA long position worth $22 million. This address has a monthly trading volume of $176 million, with a current total position value of approximately $26.64 million. Currently, all positions are in a floating profit state, with some positions having a maximum floating profit rate of over 70%.