Mechanism Capital

According to reports, according to Twitter user residue monitoring, Andrew Kang, co founder and partner of cryptocurrency venture capital company Mechanism Capital, has transferred

According to reports, Andrew Kang (0xe8c19db00287e3536075114b2576c70773e039bd), founder of Mechanism Capital and GMX platform of the derivatives agreement, closed his long positions in ETH and BTC today, and subsequently opened a short position exceeding $5.6 million, with a current net worth of about $5.31 million. Andrew Kang opened a short position exceeding $5.6 million Analysis based on this information:Andrew Kang, the founder of Mechanism Capital and GMX platform, has reportedly closed his long positions in ETH and BTC and opened a short position worth over $5.6 million. This move signals his bearish stance on the crypto markets, and it has raised concerns among investors and analysts alike. Kang’s decision to shift his position from long to short is significant, as he is a prominent figure in the crypto industry and his opinions carry weight. His hedge fund, Mechanism Capital, focuses on investing in decentralized finance (DeFi) projects, and Kang has been an early supporter of several successful crypto startups. However, his…

On February 17, according to GMX data, the address of Andrew Kang (0xe8… 39BD), a partner and well-known GMX Trader of Mechanism Capital, reduced the number …