Wintermute Bets on Downside, Logs $222 Million in Cumulative Profit on Hyperliquid
Summary
- Onchain Lens said global crypto market maker Wintermute had recorded $222 million in cumulative profit on Hyperliquid.
- It said Wintermute's current open positions total about $125.87 million, and roughly 92% of that, or $115.76 million, is in short positions betting on prices to fall.
- Its main short positions include Ether (ETH), Bitcoin (BTC), Hyperliquid (HYPE) and Solana (SOL), and it posted an $18.83 million profit over the past 30 days along with $3.46 million in unrealized gains.
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Global crypto market maker Wintermute has racked up sizable cumulative profits on Hyperliquid, according to on-chain analytics account Onchain Lens.
Onchain Lens said on November 7 that Wintermute had recorded $222 million in cumulative profit on Hyperliquid.
Wintermute's current open positions total about $125.87 million, with $115.76 million of that in short positions betting on prices to fall. That represents roughly 92% of its total positions.
Its main short positions are Ether (ETH) at $26.16 million, Bitcoin (BTC) at $19.79 million, Hyperliquid (HYPE) at $15.23 million and Solana (SOL) at $12.72 million.
Over the past 30 days, the firm posted a profit of $18.83 million, while unrealized gains were estimated at about $3.46 million.
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