Did the market makers dump bitcoin today? They sold into the first leg and bought back more at the lows.
Four desks we track on Hyperliquid added 250 BTC of shorts from the 87,278 high to 07:22Z, then bought back 290 BTC. Net short 2,146 BTC now.
Same shape on ETH: their short peaked at 72,747 ETH at 08:42Z and sits at 67,306 now. 5,441 ETH bought back into the lows.
How it's counted: public Hyperliquid positions of four market-making desks (Wintermute, Fasanara, Auros and a 34-wallet cluster we can't name), every 5 minutes, in coins, so a falling price can't fake a cover. One venue of their book, hedge or bet unknown.
$BTC $ETH #Bitcoin
Four desks we track on Hyperliquid added 250 BTC of shorts from the 87,278 high to 07:22Z, then bought back 290 BTC. Net short 2,146 BTC now.
Same shape on ETH: their short peaked at 72,747 ETH at 08:42Z and sits at 67,306 now. 5,441 ETH bought back into the lows.
How it's counted: public Hyperliquid positions of four market-making desks (Wintermute, Fasanara, Auros and a 34-wallet cluster we can't name), every 5 minutes, in coins, so a falling price can't fake a cover. One venue of their book, hedge or bet unknown.
$BTC $ETH #Bitcoin
