Andrew Kang-Linked Address Adds $103 Million in BTC Short Positions, Sets Partial Take-Profit at $106,000

An address linked to Mechanism Capital co-founder Andrew Kang added $103 million in BTC short positions over three hours on Oct. 21, data from HyperInsight show. The address placed partial take-profit orders at $106,000 and adjusted its holdings after former President Trump mentioned overnight that tariffs of 155% could be imposed if no deal is reached, closing $5.42 million in long positions in ENA while adding $24.86 million in BTC shorts and $2.58 million in ETH shorts. Its weekly profit has reached $5.27 million with total notional value of around $133 million, all positions currently in floating profit with a floating yield exceeding 30%.