Wintermute is short on all big assets except for BTC
The post Wintermute is short on all big assets except for BTC appeared on BitcoinEthereumNews.com . The recent market volatility brought a new wave of scrutiny on the positions of Wintermute. The leading market maker has been closely watched for spot and derivative positions, with the potential to sway the price of BTC and other assets. Wintermute holds large-scale short positions on most of the crypto market, based on Hyperliquid on-chain data. The market maker’s positions have been identified by Arkham Intelligence, listing 129 derivative positions on Hyperliquid. Wintermute switched short on most assets, with the exception of BTC. The market maker is up over $204M on its positions, which may be used for hedging spot trades. | Source: Arkham Intelligence As Cryptopolitan reported, Wintermute increased its influence by carrying an even larger share of institutional trades and positions. Wintermute also registered with the US SEC as a broker-dealer, becoming an even more important player in crypto trading. In the past week, Wintermute’s activities were closely tracked as a source of signals for BTC and other assets. In the past week, on-chain explorers showed Wintermute sent 3,834.3 BTC to Binance, with around 590 BTC in the past day. The latest inflows of Wintermute funds to exchanges are seen as the strongest signal for a shift in price direction. While Wintermute itself does not take a directional bet, its movements often cause traders to react. Wintermute’s selling is also highly influential, while potentially making the derivative positions more profitable. Wintermute is long on BTC As of August 23, Wintermute holds a 20X long leveraged position on BTC, valued at 77.44 BTC. The position was paying fees to other traders, though it switched to receiving $31K in positive fees. In total, Wintermute holds $160.03M in short positions on Hyperliquid. The positions are held despite negative funding, as a way to hedge spot selling and overall market fluctuations. Wintermute...
The post Wintermute is short on all big assets except for BTC appeared on BitcoinEthereumNews.com . The recent market volatility brought a new wave of scrutiny on the positions of Wintermute. The leading market maker has been closely watched for spot and derivative positions, with the potential to sway the price of BTC and other assets. Wintermute holds large-scale short positions on most of the crypto market, based on Hyperliquid on-chain data. The market maker’s positions have been identified by Arkham Intelligence, listing 129 derivative positions on Hyperliquid. Wintermute switched short on most assets, with the exception of BTC. The market maker is up over $204M on its positions, which may be used for hedging spot trades. | Source: Arkham Intelligence As Cryptopolitan reported, Wintermute increased its influence by carrying an even larger share of institutional trades and positions. Wintermute also registered with the US SEC as a broker-dealer, becoming an even more important player in crypto trading. In the past week, Wintermute’s activities were closely tracked as a source of signals for BTC and other assets. In the past week, on-chain explorers showed Wintermute sent 3,834.3 BTC to Binance, with around 590 BTC in the past day. The latest inflows of Wintermute funds to exchanges are seen as the strongest signal for a shift in price direction. While Wintermute itself does not take a directional bet, its movements often cause traders to react. Wintermute’s selling is also highly influential, while potentially making the derivative positions more profitable. Wintermute is long on BTC As of August 23, Wintermute holds a 20X long leveraged position on BTC, valued at 77.44 BTC. The position was paying fees to other traders, though it switched to receiving $31K in positive fees. In total, Wintermute holds $160.03M in short positions on Hyperliquid. The positions are held despite negative funding, as a way to hedge spot selling and overall market fluctuations. Wintermute...