Odaily Planet Daily reports that, following the failure of the CLARITY Act to advance, Wintermute (0xecb...2b00) began realizing its short positions. Its short exposure decreased from $102.1 million to $55.54 million, while unrealized profits rose from $928,000 to $2.28 million; the ETH short position fell from 15,330 ETH (approximately $38.47 million) to 7,810 ETH (approximately $18.72 million). Wintermute has accumulated total profits of $179.89 million.
Wintermute Reduces Exposure by $55.54M, Realized Profits Reach $179.89M
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Summary
Wintermute reduced its short exposure to $55.54M from $102.1M as the CLARITY Act failed to advance. Unrealized profits increased to $2.28M from $928K, while ETH shorts decreased to 7,810 ETH ($18.72M) from 15,330 ETH ($38.47M). The firm’s total realized profits now amount to $179.89M. With a strong risk-to-reward ratio, Wintermute’s actions align with value investing strategies in crypto.
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