Wintermute increases Hyperliquid short positions to $211 million

Wintermute Hyperliquid short positions cryptocurrency market maker Bitcoin

Market maker Wintermute has significantly increased its bearish exposure on the Hyperliquid derivatives platform. According to data from Onchain Lens, the firm’s total short positions on Hyperliquid rose from $190.77 million to $211.53 million. Its largest short positions are currently held in Bitcoin at $70.80 million and Ethereum at $53.83 million.

Despite these large bearish bets, Wintermute has reported approximately $4.12 million in unrealized losses from its open positions. However, the firm has offset some of these losses by generating roughly $2.27 million in revenue from funding payments. Notably, the firm has reduced its short position on the HYPE token by approximately half, from $11.43 million down to $5.60 million.

In a separate move, Wintermute transferred approximately 1,279.99 BTC, valued at roughly $98.68 million, to Binance across eight transactions over an 18-hour period. While large transfers to exchanges can signal potential selling pressure, they are also used by market makers for liquidity management and arbitrage.

Entities

Binance · Bitcoin · Ethereum · Hyperliquid · Onchain Lens · Wintermute

Claims

What the coverage asserts, and how many sources carry each claim.

[○ 1 SOURCE] Wintermute-linked short exposure on Hyperliquid increased by approximately $44.58 million, reaching a total of $190.77 million.
[○ 1 SOURCE] The reported short positions included $53.02 million in Ether, $30.66 million in Bitcoin, and $22.62 million in Solana.
[○ 1 SOURCE] Wintermute held approximately $160 million in open positions on Hyperliquid, consisting of $146.19 million in shorts and $13.85 million in longs. www.europesays.com
[● 2 SOURCES] Wintermute transferred 1,279.99 BTC, valued at approximately $98.68 million, to Binance across eight transactions. blogtienao.com
[○ 1 SOURCE] Daily liquidations exceeded $350 million, affecting more than 90,000 traders. www.europesays.com
[○ 1 SOURCE] Nearly $100 million in liquidations occurred within a single hour, with Bitcoin and Ether each accounting for roughly $41.5 million. www.europesays.com
[● 2 SOURCES] Wintermute’s largest short position is in Bitcoin at $70.80 million. www.bitcoinsistemi.com · en.bitcoinsistemi.com
[● 2 SOURCES] Wintermute’s total short positions on Hyperliquid increased from $190.77 million to $211.53 million. www.bitcoinsistemi.com · en.bitcoinsistemi.com
[● 2 SOURCES] Wintermute’s largest short position is in Bitcoin at $70.80 million, followed by Ethereum at $53.83 million. www.bitcoinsistemi.com · en.bitcoinsistemi.com
[● 2 SOURCES] Wintermute’s HYPE short position decreased from $11.43 million to $5.60 million. www.bitcoinsistemi.com · en.bitcoinsistemi.com
[● 2 SOURCES] Wintermute’s unrealized losses are approximately $4.12 million. www.bitcoinsistemi.com · en.bitcoinsistemi.com
[● 2 SOURCES] Wintermute’s total open perpetual position size is approximately $217.49 million. www.bitcoinsistemi.com · en.bitcoinsistemi.com