Market maker Wintermute has accumulated $222 million in historical profits on decentralized perpetual exchange Hyperliquid, according to Onchain Lens data. The firm currently holds a total position valued at approximately $125.87 million, with short positions accounting for $115.76 million of that exposure. Over the past 30 days, Wintermute generated $18.83 million in profit alongside $3.46 million in unrealized gains. Its largest short positions include ETH ($26.16 million), BTC ($19.79 million), HYPE ($15.23 million), and SOL ($12.72 million).