🚨 MARKET MAKER $BTC SHORTS CROSS $211M AS INSTITUTIONAL SQUEEZE PRESSURE MOUNTS 🦈
Market maker Wintermute just saw its total short position on a top-tier derivatives venue expand to $211.53M, led by $70.80M in $BTC and $53.83M in $ETH . 📊 Rather than aggressive directional betting, the desk is actively absorbing heavy sell order flow while the broader market pushes upward.
This inventory imbalance leaves them sitting on an unrealized loss of roughly $4.12M alongside $2.27M paid out in funding fees. 🌊 Interesting shifts are already taking place, with their $HYPE short exposure slashed by over half down to $5.60M to curb tail risk. 🔍
When institutional liquidity providers get bogged down holding underwater hedge positions, order books tend to get extremely volatile. 💬 Do you expect this market maker inventory to get squeezed higher, or will sellers return? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BTC #MarketMaker #SmartMoney #Crypto
🎯 🦈
Market maker Wintermute just saw its total short position on a top-tier derivatives venue expand to $211.53M, led by $70.80M in $BTC and $53.83M in $ETH . 📊 Rather than aggressive directional betting, the desk is actively absorbing heavy sell order flow while the broader market pushes upward.
This inventory imbalance leaves them sitting on an unrealized loss of roughly $4.12M alongside $2.27M paid out in funding fees. 🌊 Interesting shifts are already taking place, with their $HYPE short exposure slashed by over half down to $5.60M to curb tail risk. 🔍
When institutional liquidity providers get bogged down holding underwater hedge positions, order books tend to get extremely volatile. 💬 Do you expect this market maker inventory to get squeezed higher, or will sellers return? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BTC #MarketMaker #SmartMoney #Crypto
🎯 🦈