Crypto trader Andrew Kang made significant portfolio adjustments in late October, restructuring his positions across multiple digital assets. On-chain data revealed that Kang's associated wallet executed several strategic moves: he exited a long HYPE position, realizing a $123,000 loss, while simultaneously trimming his ENA holdings at a $1.615 million profit.

The more pronounced shift came in Kang's directional bets, as he substantially expanded his short positions. His BTC short exposure climbed to 362.49 coins—valued at approximately $39.97 million—while his ETH short position surged to 6,995.72 tokens, representing roughly $27.81 million in notional value. Combined, his short portfolio reached $67.79 million against long holdings of $29.2 million, leaving Andrew Kang with a $605,000 unrealized loss across his entire portfolio.

The rebalancing highlighted Kang's bearish market positioning, with short exposure nearly 2.3 times larger than his long exposure, suggesting the veteran trader was hedging against potential downside risk during that period.