I spent quite a while discussing this with friends in the group: Wintermute’s on-chain short position is worth $75.45 million, with Ethereum as its largest short.
It usually takes some time for the impact of this kind of news to become clear.
Everyone had very different takes when I discussed this with friends, but I think it’s better to wait and see for now.
$ETH Currently 2377.07 (24h -5.32%).

#ETH