Wintermute Opens $126M in Shorts Across Top Cryptocurrencies

Wintermute has built $126.25 million in short positions on Hyperliquid across Ethereum, Bitcoin, and Solana, according to Onchain Lens.

The largest exposure is a $46.92 million short position on Ethereum, followed by an $11.30 million short on Solana and a $10.03 million short on Hypereos (HYPE).

These positions have been up around $963,600 since the snapshot was taken and represent a lifetime profit and loss of approximately $197.22 million for the Wintermute-linked wallet.

This is not the first time that Wintermute has held significant short exposure in Hyperliquid; earlier this month, the wallet carried $190.77 million in shorts across several assets, including Ethereum, Bitcoin, and Solana.