Wintermute Builds $126M in Shorts Across Ethereum, BTC, and Solana

The cryptocurrency market has seen significant fluctuations in recent times, and one major player has been Wintermute. A wallet linked to the firm has built up a substantial short position on Hyperliquid, with exposure totaling $126.25 million across ETH, BTC, and SOL.

Ethereum (ETH) accounts for the largest share of this short exposure, with a staggering $46.92 million in shorts. Solana (SOL) and HYPE also have notable positions, exceeding $10 million each.

This is not the first time Wintermute has been involved in significant short positions on Hyperliquid. In August, the firm held $190.77 million in shorts across various assets, with ETH leading the pack at around $53.02 million.