🚨BEARISH: Wintermute, one of world's LARGEST liquidity providers for digital assets, is HEAVILY short across the market.

The market maker is quietly sitting on $190.8M in short positions on Hyperliquid, led by

- $53M in ETH,
- $30.7M in BTC,
- $22.6M in SOL,
- $11.4M in HYPE and
- $10.2M in XRP

The positions currently carry -$5.85M in unrealized losses, despite which Wintermute is up +$203.6M in lifetime PnL, per Ochain Lens.

#bearishmomentum #Wintermute