Wintermute Expands Short Exposure Ahead of FOMC Meeting

Market watchers expect several major events this week, including the FOMC meeting, according to a report on September 14. According to BlockBeats On-chain Detection, TradingBeats, formerly Hyperinsight, said crypto market maker Wintermute held about $102.1 million in short positions and was actively depositing more funds to increase its bearish exposure. The firm reportedly held short positions across multiple assets, including ETH, SOL, and the S&P 500. Its largest position was a 15x short on ETH, while it also held a 20x long on Bitcoin and placed orders to reduce long exposure below $80,000. It added to long positions in the $75,000 to $76,000 range.