Wintermute Sees $1.73 Million Unrealized Profit on Hyperliquid Short Positions

Market maker Wintermute has returned to profitability on its short-biased positions on the Hyperliquid exchange as the broader crypto market pulls back. According to Onchain Lens, Wintermute currently holds approximately $149.2 million in short positions against $5.01 million in long positions, resulting in an unrealized profit of about $1.73 million. The portfolio includes significant short exposure to ETH at $58.36 million, SOL at $26.11 million, and BTC at $19.16 million.