Andrew Kang, founder of the crypto venture firm Mechanism Capital, has reportedly doubled his Bitcoin long position. On April 12, blockchain data revealed that a wallet linked to Kang placed another $100 million long bet, adding to a previous $100 million position.
The move brings his total long exposure to a massive $200 million, signaling strong confidence in Bitcoin’s near-term price movement. The trade carries an expected profit or loss of $6.8 million depending on market direction.
Arkham Tracks the Transaction
Crypto analytics firm Arkham flagged the transaction in a post on X(Twitter), noting that Kang’s wallet activity showed a clear increase in leveraged exposure. This was not the first large bet from Kang’s wallet.
On April 9, Arkham had reported a similar $100 million long trade placed after former U.S. President Donald Trump posted to Truth Social with a statement suggesting optimism about buying.
The timing of both trades has raised eyebrows across the crypto space, as they closely follow significant political and economic announcements.
Trump’s Comment and Tariff Pause Fuel Speculation
The initial $100 million long was placed just after Trump’s “THIS IS A GREAT TIME TO BUY!!! DJT” post. Only hours later, the Trump administration surprised the markets by announcing a 90-day pause on newly implemented global tariffs.
The move reversed the earlier negative market sentiment that had briefly hit risk assets. Many in the crypto community saw this sequence as a deliberate signal aimed at market stability, and Kang appears to be among those who believe the shift benefits Bitcoin.
Kang Sees Favorable Conditions for Bitcoin
On the same day as his second large trade, Kang commented on X that current conditions are lining up well for Bitcoin. He described the situation as an “ideal setup,” citing a change in trade policy and the possibility of what he called a “Trump put.”
The term refers to the belief that Trump will take actions to boost the economy or markets, especially ahead of elections. Kang’s post suggests he believes these moves could create a supportive backdrop for digital assets.
Bitcoin’s Price Actions
At the time of the trades, Bitcoin was priced around $84,287.85, down 0.61% over the last 24 hours. The total crypto market capitalization stood at $1.67 trillion, while trading volume had increased by over 9% in the same period.
Despite minor fluctuations, investor sentiment appears cautiously optimistic, especially among high-profile players making bold directional bets like Kang.
Andrew Kang’s aggressive position reflects growing belief among some crypto investors that macro politics are shifting in Bitcoin’s favor. With his $200 million long position in place, the next few weeks could either validate his strategy or expose it to steep risk.
As markets digest policy shifts and prepare for a heated U.S. political season, all eyes will remain on Bitcoin’s chart, and those bold enough to place such high-stakes bets.
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