Andrew Kang's associated address performed a "double kill for both long and short": after profiting from ETH at a high position, he took the opposite position and now holds nearly 100 million in short positions.

On October 19, according to on-chain AI analysis tool CoinBob (@CoinbobAI_bot), Andrew Kang, co-founder of Mechanism Capital, has reversed his position to shorting after taking profit on his ETH long order at a high point. He had made a position adjustment the day before, closing all his short positions and establishing long positions in ETH, BTC, and SOL, while also increasing his ENA long order. However, today he has adjusted his positions again to a bearish outlook, currently holding nearly $31 million in BTC short positions, $59.78 million in ETH short positions, and $22 million in ENA long positions. The address has a monthly trading volume of $176 million, and the current total holdings value is approximately $26.64 million. All positions are currently in unrealized gains, with some positions showing a maximum floating yield rate exceeding 70%.