BTC, ETH, XRP Tumble as Wintermute Builds Heavy Short Positions
📉 Bitcoin's price dropped to $75,500 after failing to hold above $77,000, with many altcoins also experiencing significant losses over the weekend.
🔍 Market maker Wintermute has taken a substantial short position of $146.19 million on Hyperliquid, contributing to the market's volatility.
💔 The recent correction resulted in over $350 million in liquidations, affecting more than 90,000 traders, as Bitcoin and Ethereum faced significant downturns.
📉 Bitcoin's price dropped to $75,500 after failing to hold above $77,000, with many altcoins also experiencing significant losses over the weekend.
🔍 Market maker Wintermute has taken a substantial short position of $146.19 million on Hyperliquid, contributing to the market's volatility.
💔 The recent correction resulted in over $350 million in liquidations, affecting more than 90,000 traders, as Bitcoin and Ethereum faced significant downturns.