Experienced Trader Andrew Kang Doubled His 40x Bitcoin Long Position Worth 100 Million Dollars! Here is the Profit-Loss Situation So Far!

One of the most recognized traders in the crypto world, Andrew Kang, recently made a new move in his Bitcoin long position based on on-chain data.

Kang opened a 40x long position worth 100 million dollars in Bitcoin after U.S. President Donald Trump's statement on April 9 that it was a "good time to buy."

Bitcoin has risen since that date and is trading above $85,000 at the time this article is being written.

In today's move, the trader doubled his position and is now holding a BTC long position worth 200 million dollars with 40x leverage. Currently, Kang's position has an average entry point of 82,076 dollars and has an unrealized profit of 7.7 million dollars. Kang has paid 115 thousand dollars in funding fees so far.

If the price of Bitcoin falls to $83,410, Kang will be liquidated.

Kang's position at address 0xBb876071A63Bc4D9bfCf46B012b4437Ea7Ff4281 can be tracked from this link.

On the other hand, when examining Kang's other positions on the decentralized crypto exchange Hyperliquid, it is observed that he has a short position worth 6.7 million dollars at 25x on Ethereum. Kang has incurred a loss of 370 thousand dollars from this position so far and has paid a funding fee of 24 dollars.

The trader's other position is in Ethena (ENA). Kang holds a long position of 5.5 million dollars with 10x leverage in ENA and has made a profit of 118 thousand dollars so far, paying a funding fee of 399 dollars.

However, it is necessary to remind that leveraged trading carries very high risks, and when combined with the high risk of cryptocurrencies, losses including the entire principal are inevitable.