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%.

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.