Onchain Lens said Wintermute reduced its short exposure on Hyperliquid from $212 million to $80.48 million since the last update.

According to Odaily, Wintermute still holds $80.48 million in short positions and $5.51 million in long positions, while its HYPE short exposure rose from $5.6 million to $10.2 million, and the unrealized loss was $568,800.