Bitcoin Short Positions Reach $75.74M as Andrew Kang-Linked Address Opens 40x BTC Short to $48.23M

COINOTAG News reported on October 21 that on-chain analyst Ai Auntie (handle @ai_9684xtpa) observed that an address tied to Andrew Kang has expanded its BTC exposure to a 40x short, lifting the notional to approximately $48.23 million. The combined BTC and ETH short book now sits near $75.74 million, with an unrealized loss around $165,000. This on-chain signal highlights ongoing hedging activity in the crypto market and underscores the role of leverage in the Bitcoin and Ethereum complex amid current volatility.