🐻 A big showdown against the trend: Wintermute opens shorts worth $191 million
One of the largest market makers in the industry has launched a large-scale campaign to drive the market down.
On-chain metrics recorded an aggressive buildup of bearish positions by an institutional player.
The scale of the bet.
Wintermute moved millions in liquidity to the decentralized platform Hyperliquid and opened a total short position of $191,000,000 .
Top 5 orders.
The main pressure is distributed across key assets:
short $ETH at $53.02 million, $BTC at $30.66 million, $SOL at $22.62 million, $HYPE at $11.43 million, and $XRP at $10.19 million .
Current losses.
The market continues to move upward, causing the unrealized loss (Unrealized PnL) on these orders to already reach $32,000,000 .
A market maker’s game with high leverage against a strong trend creates massive liquidation zones. If the momentum continues, the forced closure of these orders will serve as fuel for a new surge in prices.
$BTC
Follow the channel and turn on notifications to be the first to see the outcome of this market-maker vs. the market battle! 🚀
#Wintermute #MarketMaker #ShortSqueeze #Hyperliquid #BinanceSquare
One of the largest market makers in the industry has launched a large-scale campaign to drive the market down.
On-chain metrics recorded an aggressive buildup of bearish positions by an institutional player.
The scale of the bet.
Wintermute moved millions in liquidity to the decentralized platform Hyperliquid and opened a total short position of $191,000,000 .
Top 5 orders.
The main pressure is distributed across key assets:
short $ETH at $53.02 million, $BTC at $30.66 million, $SOL at $22.62 million, $HYPE at $11.43 million, and $XRP at $10.19 million .
Current losses.
The market continues to move upward, causing the unrealized loss (Unrealized PnL) on these orders to already reach $32,000,000 .
A market maker’s game with high leverage against a strong trend creates massive liquidation zones. If the momentum continues, the forced closure of these orders will serve as fuel for a new surge in prices.
$BTC
Follow the channel and turn on notifications to be the first to see the outcome of this market-maker vs. the market battle! 🚀
#Wintermute #MarketMaker #ShortSqueeze #Hyperliquid #BinanceSquare
