The largest short in a Hyperliquid wallet labeled Wintermute was a $22.61 million Ether (ETH) position on Oct. 20, when the account held $69.59 million in shorts among $81.36 million in open positions.
Shorts represented 85.5% of the wallet’s open position value. Its long positions were valued at $11.77 million, and 132 positions were open.
A $4.1 million short linked to the S&P 500 used 3x leverage, adding a U.S. stock index to the account’s crypto exposure. The wallet also had a $12.65 million Solana (SOL) short at 20x leverage and a $4.2 million XRP short at 10x. The Ether short carried 15x leverage.
Those position values measure the size of open trades, rather than earnings. Open trades carried $936,400 in unrealized gains, while the account’s 30-day profit stood at $9.66 million. Its $17.746 million cumulative trading profit includes the 30-day amount.
