Andrew Kang’s Address Faces Unrealized Loss as Bitcoin (BTC) Short Position Surges to 362.49 BTC

In a crypto market update, monitoring data indicates Andrew Kang’s associated wallet maintains a concentrated risk posture with an unrealized loss on net short exposure. Current tallies show a short position near $67.79 million against a $2.92 million long, producing an overall unrealized loss of about $605,000. The ledger reflects ongoing hedging activity within a high-beta portfolio, signaling a bias toward directional bets rather than neutrality.

Recent activity details several adjustment moves: the HYPE long was closed, realizing roughly $123,000 in losses; the ENA long was partially reduced, locking in about $1.615 million in gains; the BTC short position expanded to 362.49 coins (roughly $39.97 million); the ETH short rose to 6,995.72 coins (around $27.81 million). Taken together, these actions recalibrate risk exposure while preserving substantial short bets on major assets.