Crypto market maker Wintermute is carrying roughly $102.1 million in short positions ahead of a week packed with major events, including the Federal Open Market Committee, according to monitoring data from TradingBeats, formerly Hyperinsight. The firm is also depositing additional funds to expand that bearish exposure. Its short book currently spans several assets, including ETH, SOL and the S&P 500, with the largest single position being a 15x ETH short valued at $38.68 million. At the same time, Wintermute also holds a 20x leveraged BTC long worth $13.96 million. The data shows the firm has placed orders below $80,000 to reduce that long position, while adding to the trade in the $75,000 to $76,000 range. The positioning points to a mixed strategy in which Wintermute is leaning short across several markets while trading Bitcoin tactically within a defined range ahead of the upcoming macro calendar.
Wintermute is holding about $102.1 million in short positions ahead of a week that includes the Federal Open Market Committee, according to data tracked by TradingBeats, formerly Hyperinsight, cited by BlockBeats on Sept. 14.
As of publication, the crypto market maker was still depositing more funds and increasing its short exposure.
Its short positions cover multiple markets, including ETH, SOL and the S&P 500. The largest holding is a 15x ETH short worth $38.68 million.
Wintermute also holds a 20x leveraged BTC long valued at $13.96 million. The firm has placed orders below $80,000 to trim that long, while adding to the position in the $75,000 to $76,000 range.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
