Wintermute's $211M Short Position on Hyperliquid: A Battle-Tested Dissection of Smart Money's Playbook
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Greed
Market Sentiment
Independent validator client goes live on mainnet
92 million ARB released
Circulating supply increases by about 2%
Improves data availability sampling efficiency
Raises validator limit and account abstraction
Block reward halving event
Block reward reduced to 3.125 BTC
Team and early investor shares released
Bitcoin Season
| # | Coin | Price |
|---|---|---|
| 1 |
Bitcoin
BTC
|
$82,785.4 |
| 1 |
Ethereum
ETH
|
$2,438.54 |
| 1 |
Solana
SOL
|
$105.25 |
| 1 |
BNB Chain
BNB
|
$740.7 |
| 1 |
XRP Ledger
XRP
|
$1.34 |
| 1 |
Dogecoin
DOGE
|
$0.0801 |
| 1 |
Cardano
ADA
|
$0.2199 |
| 1 |
Avalanche
AVAX
|
$9.34 |
| 1 |
Polkadot
DOT
|
$1.12 |
| 1 |
Chainlink
LINK
|
$12.22 |