Wintermute is estimated to have generated $222 million in cumulative trading profit on decentralized perpetual futures exchange Hyperliquid, based on analysis by on-chain analyst Onchain Lens cited by PANews on Nov. 7. Onchain Lens identified a trading address believed to belong to Wintermute that currently holds $125.87 million in open positions, including $115.76 million in short positions, which profit when prices decline. The address recorded $18.83 million in profit and loss over the past 30 days and has $3.46 million in unrealized profit and loss. Its largest short positions are $26.16 million in ETH, $19.79 million in BTC, $15.23 million in HYPE and $12.72 million in SOL.