Wintermute holds $81.36M in Hyperliquid positions, 85.5% short on crypto and equities, with $69.59M short vs $11.77M long.
DeFi & Yields ·
Wintermute's Hyperliquid positions totaling $81.36M are weighted heavily toward shorts, with 85.5% of the portfolio in short exposure across crypto and equity markets. The firm carries $69.59M in short positions against $11.77M in longs, with the largest bearish bets concentrated in Ethereum at $22.61M (15x leverage), Solana at $12.65M (20x leverage), and XRP at $4.20M (10x leverage), alongside a $4.10M short on the S&P 500 at 3x leverage.
These positions span 132 open trades and have generated positive returns, with unrealized gains of $936.4K and $9.66M in realized profit over the past 30 days. The portfolio's lifetime performance stands at $177.46M in cumulative profit, suggesting sustained success in the directional short strategy across this period.
The significance of the leverage multiples—particularly the 20x on Solana and 15x on Ethereum—indicates material downside conviction, though the margin requirements and liquidation risk at such leverage levels remain substantial should market direction reverse sharply in the near term.