Monitoring: Wintermute's address short position on Hyperliquid drops to $84.7 million

Wintermute’s linked address on Hyperliquid has cut its short position to about $84.7 million, down roughly $31.06 million from the previously disclosed $115.76 million. The address’s total open interest notional value is now about $107.8 million, versus $125.87 million earlier, while cumulative profit and loss rose to about $226.66 million from $222.01 million. The shift shows a large market maker reducing directional short exposure on the Hyperliquid perpetuals venue even as its overall book remains sizable. Traders will watch whether Wintermute continues trimming the position and how Hyperliquid open interest and funding respond to the change.