Andrew Kang associated address briefly increased the position in ENA long order to hedge risks, the BTC short order opened last night has unrealized losses exceeding 50%.

robot
Abstract generation in progress

On October 27, according to HyperInsight monitoring, 4 hours ago, Andrew Kang, co-founder of Mechanism Capital, increased his ENA long order related to address (0x0b5), and the average price has now been pumped to $0.465, with a notional value of approximately $4.08 million, and the unrealized return rate remains above 90%. Additionally, monitoring shows that this address partially closed its ENA long order 14 hours ago to realize profits, and then converted the funds to open a BTC short position, with an average holding price of approximately $113,600 and a notional value of $3.2 million. As BTC prices have pumped today, this short position has now incurred unrealized losses of over 50%.

ENA7.25%
BTC2.81%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)