Wintermute Boosts Hyperliquid Crypto Shorts to $190.77 Million

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3▲0 ▼1Impact / 5
Summary · why it matters

Wintermute increased its short exposure on Hyperliquid to $190.77 million while transferring funds to Binance during a broad cryptocurrency rally. Onchain Lens data showed the firm's short positions climbed from $146.19 million after it deposited additional funds into Hyperliquid, an increase of $44.58 million. Ethereum led the tracked short portfolio at approximately $53.02 million, followed by Bitcoin at $30.66 million, Solana at $22.62 million, Hyperliquid's HYPE token at $11.43 million, and XRP at $10.19 million. The tracked address carried an unrealized loss of about $5.85 million as Bitcoin, Ethereum, and much of the altcoin market moved higher. Wintermute, Cumberland, and Auros collectively held around $230 million in short positions against only $9.93 million in longs, with combined unrealized losses of roughly $6.92 million, though the positioning likely reflects market-making and inventory hedging rather than an outright bearish bet.

Impact on assets 1

Others▼ · 1 stocks
₿Hyperliquid
HYPE32196-USD
▼ NegativeCapitalrelevance

Wintermute increased short positions on Hyperliquid, including HYPE token, indicating bearish sentiment.

Off-coverage companies 3

WintermutePrivate± Mixed
Capitalrelevance

Wintermute's short positions increased to $190.77M, but likely market-making/hedging, not outright bearish.

AurosPrivate± Mixed
Capitalrelevance

Auros holds short positions, but context suggests hedging rather than directional bet.

Cumberland (DRW)Private± Mixed
Capitalrelevance

Cumberland holds short positions, but context suggests hedging rather than directional bet.

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