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

BTC

BTC/USDT

$71,354.77

+3.55%

$71,354.77

+3.55%

(24s)

24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short

65.5%

Long: 65.5%Short: 34.5%

Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$71,351.87

▲ 2.98%

Volume (24h): -

Resistance Levels

Resistance 3$79,008.03

Resistance 2$75,548.63

Resistance 1$72,179.52

Price$71,351.87

Support 1$70,589.27

Support 2$67,300.00

Support 3$62,909.86

Pivot (PP):$70,598.27

Trend:Downtrend

RSI (14):35.3

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.