TREE NEWS reports: Wintermute holds about $102.1 million in perpetual futures short positions and is depositing more funds to increase its short exposure, on-chain data show. Its total exposure stands at $122.23 million, with unrealized gains of roughly $928,400, a 30-day loss of $12.04 million and cumulative historical profit of about $176.88 million. The largest position is a short of 15,330 ETH worth about $38.47 million.
Wintermute holds ~$102M in short positions, largest bet is ETH
The signal here is positioning, not price: a major market maker is adding to perpetual shorts while sitting on a modest unrealized gain against a steep 30-day loss and a strongly profitable long-run record. That combination suggests a firm trading its book rather than expressing a directional house view, and its ETH-heavy skew makes the largest single bet the one worth tracking. Whether the added short exposure keeps growing — and how it performs against that recent loss — is the open question.
Generated by AI for reference only.
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