Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

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
ENA-4.02%
BTC-2.54%
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)