Andrew Kang: Has Bought a Large Amount of ETH Short-Term Put Options
ChainCatcher news, Mechanism Capital partner Andrew Kang tweeted that he has bought a large amount of short-term ETH put options. Each contract cost $15, and if ETH drops to the $3,000 range, he will gain $400-1,000.
According to previous reports, Andrew Kang cited his article criticizing Tom Lee, stating, "Ethereum is Luna 2." In the article, Andrew Kang bluntly said that Tom Lee's theory about ETH is "idiotic," and refuted it with five main points, causing a stir in the industry: the adoption of stablecoins and RWA will not bring the expected returns; the analogy of Ethereum as "digital oil" is inaccurate; institutions buying and staking ETH? Pure fantasy; ETH being equivalent to the total value of all financial infrastructure companies? Utterly absurd; technical analysis shows ETH is still in a multi-year sideways range, and the most recent rally was ruthlessly rejected after touching the upper boundary.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
JPMorgan Reveals the Critical Price Level for Bitcoin Miners
Altman: Safety comes first, no IPO timetable, postponing the release of GPT-6.1 Astra out of extreme caution
OpenAI CEO Altman stated that the IPO may only be considered after the company gains a clearer understanding of how to safely manage the "next-level AI." The delay in launching GPT-6.1 Astra is because the model did not meet some of the company’s evaluation criteria for safety; this decision was made "out of an abundance of caution" rather than due to any major incident. He also noted that Nvidia’s safety systems for AI are not a "complete solution;" AI is more of a scientific problem than an engineering one.
SOS says private placement closes under securities purchase agreement
Talen names Terry Nutt CEO effective Jan. 1, 2027; Mac McFarland retires at year-end
Crypto prices
More
