Andrew Kang's associated addresses are experiencing floating losses on short positions despite a decline in Bitcoin prices. Recent trading activity shows that Kang increased his short positions in both Bitcoin and Ethereum. Specifically, he closed a $HYPE long position with a $123,000 loss and partially reduced an $ENA long position, realizing a profit of $1.615 million. He then increased his Bitcoin short position to 362.49 BTC, valued at approximately $39.97 million, and his Ethereum short position to 6,995.72 ETH, valued at about $27.81 million.
As of now, Kang holds a total of $67.79 million in short positions and $2.92 million in long positions, with an overall floating loss of $605,000.
Andrew Kang's Short Positions Face Losses Despite BTC Decline
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