Andrew Kang closed a BTC short position with an associated address exceeding 25 million USD, with a floating return rate exceeding 160%

ChainCatcher news, according to HyperInsight monitoring, 8 hours ago, Mechanism Capital co-founder Andrew Kang's related address (0x0b5) closed a short position on BTC with a profit of 230 BTC, reducing the position by approximately 25.32 million dollars, and 4 hours ago increased the ENA long position by over 1.5 million dollars for hedging.

Additionally, monitoring shows that this address opened a new 40x BTC short position at 113,200 dollars at 1 AM, with a position size of approximately 29.9 million dollars, and currently still has 4.16 million dollars in short positions, with a floating return rate of over 160%. Meanwhile, its 25x ETH long position was closed at a high of 4,008 dollars and converted to short, currently with a floating return rate of over 100%.