A wallet linked to Wintermute has built $126.25 million in short positions on Hyperliquid, with Ethereum short exposure at $46.92 million, followed by Solana and HYPE positions exceeding $10 million each. These shorts come as major cryptocurrencies like Ethereum and Bitcoin trade below recent highs, with ETH around $2,644 after failing to sustain $2,800. The wallet's lifetime profit and loss stands at about $197 million, indicating significant trading activity. While Wintermute has not confirmed ownership or intent, the short positions may be part of broader hedging strategies rather than outright bearish bets. Additionally, large Ethereum transfers from FTX and Alameda-linked wallets to Wintermute suggest ongoing complex trading and asset management activities.
Ethereum trades at Rp47,904,495 on Pluang, down 1.25% as of Sep 28, 2026 18:52 WIB, reflecting ongoing pressure on major cryptocurrencies. Solana and Hyperliquid also show declines, with Solana down 3.79% at Rp2,132,792 and Hyperliquid down 3.13% at Rp1,617,999. This aligns with the reported large short positions on Hyperliquid and other assets, highlighting active trading and hedging strategies in the market.
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Wintermute, a market maker, has taken a heavily short-biased position on the Hyperliquid trading platform, holding about $93 million in short positions versus $5.12 million in longs. The largest short is on Ether (ETH) valued at $47.19 million, with ...
Wintermute currently holds $126.25 million in short positions on the Hyperliquid platform, with the largest being a $46.92 million short on Ether (ETH). Other significant shorts include $11.30 million in Solana (SOL) and $10.03 million in HYPE tokens...
Wintermute currently holds about $126 million in short positions on the Hyperliquid platform, including $46.92 million in Ether (ETH), $11.3 million in Solana (SOL), and $10.03 million in HYPE tokens. As of September 28, the wallet shows nearly $963,...
