According to ChainCatcher, market sources indicate that an address possibly associated with Mechanism Capital co-founder Andrew Kang has increased its total position to $84.21 million after switching from short to long on ETH, currently holding an unrealized profit of $720,000.
In the past few hours: the 25x ETH long position was increased to $28.88 million; the 10x ENA long position was increased to $6.11 million; new long positions were opened for SOL, BTC, and HYPE, with a total position value of $49.25 million.