Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
With me
Wintermute strongly shortens the market with several long positions. Its strategy shows growing caution, especially towards the tokens of altcoins and meme.
The creator of the Wintermute market makes bold movements behind the scenes. As the markets were fluctuating, the business giant turned the defensive, quietly shifted his strategy and transformed his bets.
What does it drive and what could that mean for the rest of the market?
Defensive portfolio and calculated beliefs
Wintermute Current location It shows a clear shortcut preference, with almost 70% of the $ 123 million portfolio based on ten assets.
On the other hand, the company has only four meaningful long positions – Bitcoin [BTC], Sui [SUI], Dogecoin [DOGE]and S & P 500 [SPX] – Everyone remains relatively modest compared to aggressive short exposure.
Source: x
Its long on Bitcoin is the largest for $ 10.38 million (20x leverage), which provides 13.95% return. Of course, standout returns are from shorts.
Bets against Trump [TRUMP] and Wave [XRP] They paid off cleverly, raking in 127.99% and 78.11% return on investment.
It is a clear sign that Winter’s sharp eye for disadvantages plays well on a shaking market.
Voting Confidence in Altcoins?
Wintermute portfolio is a sign of a wider market.
Heavy short positions on assets with blue chips as Ethereum [ETH], Solan [SOL]and Dao curve [CRV] Deep skepticism about the nearby altcoin upwards.
ETH ETH itself is $ 26.3 million (15x), with a return on -27.33%, emphasizing the company’s beliefs.
Meanwhile, a bold shortening of chips with little capitalization Fartcoin [FARTCOIN], Pump.fun [PUMP] It shows a strategy to distinguish volatile low liquid assets.
Derivative traders still bull but sol faces against the wind
Despite the defensive tilt of Wintermute, most derivative traders remain long.
BTC and ETH financing rates are still positive across binance, bitmex, bybit and OKX, suggesting that traders expect the price up.
The open interest remains increased, with a BTC to ~ 79.55 billion USD and ETH nearly $ 46.97 billion at Coinalyze.
Source: Coinelyze
Solana, however, flashes a timely warning mark.
Source: Coinelyze
Sol financing rates overrun negative on multiple exchanges. The open interest also rushed out of more than $ 12 billion to ~ 9.14 billion USD.
In particular, Wintermute has a short position of $ 14.7 million in Sol – he definitely expects additional selections.
If BTC or ETH financing turned negatively, it could confirm wider short pressure and align with heavy $ 26 million per ETH $ 26 million.
Until then, Solan’s behavior can serve as a market Early warning system.
Small shorts for Wintermute caps – retail attention?
It seems that Wintermute actively shortens tokens with lower capitalization such as Trump, Fartcoin and Pump-Octives with high open interest compared to their market ceilings.
Futures Oi Trumps was $ 368 million and Fartcoin was $ 687 million at the time of printing, both showing the accumulation of retail retail.
Source: Coinglass
Despite the collapsed price, the pump still held $ 434 million in OI. These are probably liquidity games, while the winter shortcut to the assembly controlled by the crowd.
Source: Coinglass
XRP excelled with $ 7.23 B $ in OI, which shows a wider market involvement. For traders, sharp OI spikes in these names could indicate reailed retail behavior and potential traps set by smarter money.
The timing of the timing around these flows is key.
Wintermute’s risk strategy, heavy short allocations and focus on retail popular suggest a sharp deviation from the derivatives.
If funding turns negative to BTC or ETH, their positioning could prove to be a harbinger.
