Wintermute Opens $126 Million Short Position on Hyperliquid, Led by ETH

Market maker Wintermute has established a $126.25 million short position on the decentralized exchange Hyperliquid. The portfolio is primarily composed of $46.92 million in ETH shorts, $11.3 million in SOL shorts, and $10.03 million in HYPE shorts. The position currently shows an unrealized profit of approximately $963,600, with the firm's historical realized profit on the platform reaching $197.22 million.