Wintermute: Cuts ETH Short Exposure to $18.72M

Wintermute trimmed its short exposure from $102.1M to $55.54M and lifted unrealized PnL from +$928K to +$2.28M after the CLARITY Act failed to advance, while its ETH short position dropped from 15.33K ETH to 7.81K ETH valued at roughly $18.72M.

Price action on the 4h chart shows ETH at $2399.03 testing the lower Bollinger band support near $2414.06 with EMA50 at $2484.4 acting as immediate resistance and EMA200 at $2325.55 providing deeper floor; the MACD death cross at -17.19 confirms bearish momentum while RSI at 32.88 remains neutral, suggesting any bounce may stall before retesting the $2568.52 upper band.