A wallet believed to be linked to crypto market maker Wintermute has reduced its Hyperliquid short exposure by about $130 million, to $80.48 million from $211.53 million as of Aug. 26, Onchain Lens said. The address, beginning with 0xecb6, holds $80.48 million in shorts and $5.51 million in longs on the decentralized exchange. Its HYPE short position increased from $5.6 million to $10.2 million. An earlier update recorded an unrealized loss of $568,800 on the position.