According to TradingBeats, four market makers on Hyperliquid incurred a combined loss of $23.515 million over the past 30 days, with a trading volume of approximately $17.254 billion. Although Wintermute, Auros Global, Cumberland, and Flow Traders remain profitable overall historically, they have collectively retraced $27.075 million since early July. Losses were concentrated during periods of high volatility in mid-July, with maximum 24-hour drawdowns of $5.651 million, $4.041 million, $1.937 million, and $1.127 million for Wintermute, Cumberland, Auros Global, and Flow Traders, respectively. Currently, Wintermute and Auros Global continue to provide quotes, while Cumberland and Flow Traders have not shown bilateral quotes recently.
Four market makers on Hyperliquid lose over $23.5 million in 30 days
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Summary
Four market makers on Hyperliquid lost over $23.5 million in 30 days amid heightened market volatility. Wintermute, Auros Global, Cumberland, and Flow Traders incurred combined losses across $172.54 billion in trading volume. Market trends revealed sharp drawdowns in mid-July, with Wintermute down $5.651 million in 24 hours. Auros Global and Wintermute remain active, while Cumberland and Flow Traders have ceased quoting.
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