Andrew Kang of Mechanism Capital exited large BTC and ETH leveraged trades with substantial profits, while initiating a sizeable $1.5M ENA long as part of an active strategy shift.
Mechanism Capital co-founder Andrew Kang closed a 230 BTC short worth $25.32 million and opened a $1.5 million ENA long within the past 8 hours. Earlier in the day, he initiated a $29.9 million 40x leveraged BTC short at $113,200, retaining $4.16 million of that position with floating returns exceeding 160%. Kang also closed a 25x ETH long at $4,008 for over 100% gains before switching to a short position.