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Mechanism Capital Co-Founder Adjusts Cryptocurrency Positions Amid Market Fluctuations
Mechanism Capital's co-founder Andrew Kang has made significant adjustments to his cryptocurrency holdings. Approximately four hours ago, Kang increased his long position in ENA, raising the average price to $0.465 per unit, with a nominal value of about $4.08 million. The floating return rate remains above 90%.
Additionally, monitoring data indicates that 14 hours ago, Kang partially closed his ENA long position to secure profits. He then redirected the funds to establish a short position in Bitcoin (BTC), with an average price of approximately $113,600 and a nominal value of $3.2 million. However, as BTC prices surged today, this short position has incurred a floating loss exceeding 50%.
#ETHOn-ChainActivityRises