Wintermute: Reduces Hyperliquid Shorts by $131M

Wintermute trimmed its Hyperliquid short book by $131M, moving exposure from $211.53M down to $80.48M while lifting its $HYPE short from $5.60M to $10.20M and posting -$568.8K unrealized PnL.

Price action on the 4h chart shows HYPE at $82.47 testing upper Bollinger resistance at $82.81 with RSI(14) at 62.41, pointing to a probable retracement toward EMA50 support at $74.51 before any extension higher. This shift by the algorithmic desk arrives against a backdrop of shifting leverage in the perpetuals market and directly informs near-term HYPE price prediction models, crypto market crash hedging flows, and AI industry impact on on-chain execution.