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- 09:45Data: Andrew Kang-related addresses open high-leverage short positions in ETH and BTC, with a total position value of $68.24 millionAccording to ChainCatcher, on-chain analysts have monitored that an address associated with Andrew Kang has opened a 25x short position on 10,275.86 ETH and a 40x short position on 269.53 BTC, with a total short position value of $68.24 million. This address still holds a long position in ENA and has made a profit of $5.6 million in the past week.
- 09:38Andrew Kang turns bearish, opens 25x short position with over 10,000 ETHAccording to Jinse Finance, monitored by ai_9684xtpa, the address associated with Andrew Kang has once again turned mostly short, marking his second shift in three days: he has now opened 10,275.86 ETH 25x short positions and 269.53 BTC 40x short positions, with a total short position value of $68.24 million, while the ENA position remains long. This account has made a profit of $5.6 million in the past week.
- 09:32Current mainstream CEX and DEX funding rates indicate the market remains bearish.BlockBeats News, October 19, according to Coinglass data, the current funding rates on major CEX and DEX platforms show that the market remains sideways this weekend and is still biased towards bearish sentiment. The contract trading pairs of mainstream assets on major trading platforms are almost all at negative funding rates. The specific funding rates are shown in the chart below. BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of underlying assets, usually applied to perpetual contracts. It is a mechanism for capital exchange between long and short traders. The trading platform does not charge this fee; it is used to adjust the cost or profit of holding contracts for traders, so that the contract price remains close to the underlying asset price. When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates that the market is generally bullish. When the funding rate is less than 0.005%, it indicates that the market is generally bearish.