According to MLM monitoring, the address associated with Mechanism Capital partner Andrew Kang is currently shorting 22,271 ETH with 25x leverage, equivalent to approximately US$86.74 million, with an average price of US$3,926.95, and a current floating profit of US$760,000.

In addition, the address holds $5.71 million worth of SOL short positions and $590,000 worth of ENA long positions.