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COINOTAG News on October 17 reports, citing MLM Monitor, that an address linked to Mechanism Capital partner Andrew Kang is carrying a short position of 22,271 ETH using 25x leverage, with an average entry around $3,926.95 and a current unrealized profit of approximately $760,000.
On-chain analysis indicates the same address also holds a $5.71 million short in SOL and a $590,000 long position in ENA. The ETH short is reported to be equivalent to roughly $86.74 million notional exposure, reflecting substantial leverage-driven market exposure.
These on-chain positions are presented as address-linked data and do not constitute independent verification of custody. Market participants should note that leverage materially increases potential gains and losses; readers are advised to consider risk management and verify holdings through primary on-chain sources.
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