Andrew Kang temporarily increased his long position in ENA to hedge risk, and the BTC short position he opened last night is now down over 50%.

By: theblockbeats.news|2025/10/27 12:15:53

0

Share

copy

BlockBeats News, October 27th, according to HyperInsight monitoring, it was reported that 4 hours ago, the co-founder of Mechanism Capital, Andrew Kang, made a move related to address 0x0b5. He added to his long position on ENA 4 hours ago, bringing the average price to $0.465. The nominal value of the position is approximately $4.08 million, and the unrealized return remains above 90%.

Further monitoring data shows that this address partially closed a long position on ENA 14 hours ago to take profits. Subsequently, the funds were used to open a short position on BTC, with an average position price of approximately $11.36 million. The nominal value of this short position is $3.2 million. With today's rise in BTC price, the short position is currently experiencing over 50% unrealized loss.

You may also like

How a Structured AI Crypto Trading Bot Won at the WEEX Hackathon

How a Structured AI Crypto Trading Bot Won at the WEEX Hackathon

Ritmex demonstrates how disciplined risk control and structured signals can make an AI crypto trading bot more stable and reliable on WEEX, highlighting the importance of combining execution discipline with scalable AI trading systems.

Old Indicator Fails, Three Major New Signals Emerge: BTC True Bottom May Still Be Below $60K

Old Indicator Fails, Three Major New Signals Emerge: BTC True Bottom May Still Be Below $60K

When the grocery shopping auntie on the subway, or Tony the hairdresser, start asking you about BTC, crypto, and cryptocurrency investments, selling immediately will be the only best option.

Meeting OpenClaw Founder at a Hackathon: What Else Can Lobsters Do?

Meeting OpenClaw Founder at a Hackathon: What Else Can Lobsters Do?

Imperial College London MetaGame: AI Agent × Web3 Landing Three Major Directions.

Huang Renxun's Latest Podcast Transcript: NVIDIA's Future, Embodied Intelligence and Agent Development, Soaring Demand for Inferencing, and AI's PR Crisis

Huang Renxun's Latest Podcast Transcript: NVIDIA's Future, Embodied Intelligence and Agent Development, Soaring Demand for Inferencing, and AI's PR Crisis

The future of competition is not only about whose model is bigger, whose computing power is stronger, but also about who understands the industry better, who can more deeply integrate AI into real processes, and who can organize these capabilities into a set of executable, scalable systems

How a Structured AI Crypto Trading Bot Won at the WEEX Hackathon

How a Structured AI Crypto Trading Bot Won at the WEEX Hackathon

Crypto_Trade shows how structured inputs and controlled adaptability can build a more stable and reliable AI crypto trading bot within the WEEX AI Trading Hackathon, highlighting a practical path toward scalable AI trading systems.

AI Starts to Devour the Manufacturing Industry | Rewire News Morning Edition

AI Starts to Devour the Manufacturing Industry | Rewire News Morning Edition

When Bezos starts using AI to buy factories instead of building data centers, it shows that he believes the next wave of AI's value is not inside the box.

When Scaling Meets Speed, Ethereum Foundation Introduces "Hardness" to Safeguard the Base Layer

When Scaling Meets Speed, Ethereum Foundation Introduces "Hardness" to Safeguard the Base Layer

Hardness is a protocol-level commitment to Ethereum core properties, including censorship resistance, privacy, security, and permissionlessness.

Google, Circle, Stripe Flock Together to Let AI Spend Money: Payment Giants' Joys and Worries in 2026 Q1

Google, Circle, Stripe Flock Together to Let AI Spend Money: Payment Giants' Joys and Worries in 2026 Q1

The real enemy is no longer each other, but zero cost itself

$100 Billion Factory Purchase: Bezos and Middle Eastern Capital Shift AI Money from Cloud to Shop Floor

$100 Billion Factory Purchase: Bezos and Middle Eastern Capital Shift AI Money from Cloud to Shop Floor

Bezos doesn't invest in a new model; he invests in a supply chain.

Xiaomi and MiniMax both unleash their ultimate moves, signaling the start of the Agent Pricing War.

Xiaomi and MiniMax both unleash their ultimate moves, signaling the start of the Agent Pricing War.

No brand, no marketing, let developers vote with their feet in 8 days

Predicting markets has taken the spotlight, but the Perp DEX has been quietly waging war on traditional exchanges.

Predicting markets has taken the spotlight, but the Perp DEX has been quietly waging war on traditional exchanges.

During a weekend of relentless volatility, while traditional financial markets were closed, another wave of investors was busy trading gold, oil, and silver on a blockchain platform.

Is the Market Slump Still Making Millions a Day? Is pump.fun's Revenue Real?

Is the Market Slump Still Making Millions a Day? Is pump.fun's Revenue Real?

If it's really that profitable, what's keeping $PUMP's price down?

Understanding x402 and MPP in One Article: The Two Paths of Agent Payments

Understanding x402 and MPP in One Article: The Two Paths of Agent Payments

x402 for in-protocol payments, MPP for off-chain payments

Quick Look at the Latest 18 Graduation Projects from Alliance: Who's the Next Pump.fun?

Quick Look at the Latest 18 Graduation Projects from Alliance: Who's the Next Pump.fun?

The project's core innovation areas include stablecoin payments, AI applications, prediction markets, and RWA tokenization.

It's not just the prediction market that profits from the Iraq War

It's not just the prediction market that profits from the Iraq War

Always maintaining the ambiguity of regulation with "offshore" may be the consensus of the perp DEX.

The "bank card" of AI has caught the attention of the giants

The "bank card" of AI has caught the attention of the giants

AI has not learned how to spend money yet, and the people who fix banks for it have already arrived.

Morning News | U.S. SEC approves tokenized trading on Nasdaq; Animoca Brands announces investment in AVAX tokens; Algorand Foundation completes strategic integration

Morning News | U.S. SEC approves tokenized trading on Nasdaq; Animoca Brands announces investment in AVAX tokens; Algorand Foundation completes strategic integration

Overview of Important Market Events on March 19

$70 trillion wealth transfer, the financial gateway is being rewritten | Interview with Robinhood CEO Vlad Tenev

$70 trillion wealth transfer, the financial gateway is being rewritten | Interview with Robinhood CEO Vlad Tenev

The next key competition in the financial sector may revolve around where the "intergenerational wealth transfer" of up to $90 trillion will ultimately flow.

How a Structured AI Crypto Trading Bot Won at the WEEX Hackathon

Ritmex demonstrates how disciplined risk control and structured signals can make an AI crypto trading bot more stable and reliable on WEEX, highlighting the importance of combining execution discipline with scalable AI trading systems.

Old Indicator Fails, Three Major New Signals Emerge: BTC True Bottom May Still Be Below $60K

When the grocery shopping auntie on the subway, or Tony the hairdresser, start asking you about BTC, crypto, and cryptocurrency investments, selling immediately will be the only best option.

Meeting OpenClaw Founder at a Hackathon: What Else Can Lobsters Do?

Imperial College London MetaGame: AI Agent × Web3 Landing Three Major Directions.

Huang Renxun's Latest Podcast Transcript: NVIDIA's Future, Embodied Intelligence and Agent Development, Soaring Demand for Inferencing, and AI's PR Crisis

The future of competition is not only about whose model is bigger, whose computing power is stronger, but also about who understands the industry better, who can more deeply integrate AI into real processes, and who can organize these capabilities into a set of executable, scalable systems

How a Structured AI Crypto Trading Bot Won at the WEEX Hackathon

Crypto_Trade shows how structured inputs and controlled adaptability can build a more stable and reliable AI crypto trading bot within the WEEX AI Trading Hackathon, highlighting a practical path toward scalable AI trading systems.

AI Starts to Devour the Manufacturing Industry | Rewire News Morning Edition

When Bezos starts using AI to buy factories instead of building data centers, it shows that he believes the next wave of AI's value is not inside the box.

Popular coins

Latest Crypto News

19:42

The FBI of the United States, in collaboration with the Thai police, has frozen approximately $580 million in cryptocurrency assets in a crackdown on fraud gangs

According to Solid Intel, the FBI, in conjunction with the Thai police, seized approximately 8,000 mobile phones and froze about $580 million in cryptocurrency assets in an operation targeting scams against Americans.

19:42

The three major indices in the US stock market generally fell before the market opened, with Nvidia (NVDA) down 0.93%

According to Jinshi reports, the three major U.S. stock indices generally fell before the market opened, with the Nasdaq down 0.88%, the Dow down 0.61%, and the S&P 500 down 0.68%.The seven major tech stocks generally fell, with Apple (AAPL) down 0.52%, Microsoft (MSFT) down 0.62%, Alphabet (GOOGL) ...

19:42

The panic index VIX rose by 1.38 points, reporting at 25.44

According to Jinshi reports, the panic index VIX rose by 1.38 points, reporting at 25.44.

19:42

Russell 2000 index futures fell by 1.07%

According to Jinshi reports, the Russell 2000 index futures fell by 1.07%.

19:42

Gemini and the Winklevoss brothers face a class action lawsuit for allegedly misleading IPO documents and secret transformations

According to the official website of the U.S. District Court for the Southern District of New York, the cryptocurrency exchange Gemini Space Station, Inc. (Gemini) and its founders Tyler Winklevoss, Cameron Winklevoss, and other executives are facing a securities class action lawsuit. The lawsuit al...