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Futures
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VIP Wealth Hub
Customized wealth management empowers your assets growth
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Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
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BTC Staking
HOT
Stake BTC and earn 10% APR
GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
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Andrew Kang's associated address closed a short order of BTC worth over 25 million USD, with a floating return rate of over 160%.
According to BlockBeats news on October 22, monitoring by HyperInsight indicates that 8 hours ago, Andrew Kang, co-founder of Mechanism Capital, closed a short order on BTC with a take profit of 230 coins, reducing his holdings by approximately 25.32 million USD, and 4 hours ago increased the position on ENA long order by over 1.5 million USD to hedge. Additionally, monitoring shows that this address opened a new 40x BTC short order at 113,200 USD at 1 AM today, with a position size of about 29.90 million USD, and currently still holds 4.16 million USD in short orders with a floating return rate exceeding 160%. At the same time, its 25x ETH long order took profit and switched to short at a peak of 4008 USD, with a current floating return rate exceeding 100%.