BlockBeats News, October 17th, according to HyperInsight monitoring, an address linked to Mechanism Capital co-founder Andrew Kang (0x0b5) completed a position adjustment within one hour: their ETH short position was entirely closed with profit-taking, followed by establishing a long position at an average price of $3783, currently holding 7637 ETH. At the same time, this address significantly increased its ENA long position by about 8.66 million tokens and opened new long positions for BTC, SOL, and HYPE, continuing to actively add to their positions.
According to monitoring, after this address executed a “short-to-long flip” and added multiple long positions, its total position value is approximately $57.6 million, currently unrealized losses of $0.66 million, which are still increasing. The long positions are mainly concentrated in ETH ($28.5 million), SOL ($20.27 million), and ENA ($3.77 million). Earlier today, this address shorted 22,200 ETH with 25x leverage, worth around $86.74 million.
