Hyperliquid's two major market makers simultaneously withdrew BTC liquidity, reducing their positions by nearly 100 million USD in total

By: rootdata|2026/05/20 04:45:02

During the recent market volatility, the two major institutional market makers on the Hyperliquid platform significantly reduced their positions. In the past 2 hours, the Auros Global market-making address closed all positions on the platform and withdrew approximately $6 million to Binance. Previously, this market maker provided liquidity for 175 cryptocurrencies, with a market-making scale of $45 million for BTC alone.

At the same time, Wintermute also significantly reduced its market-making exposure on Hyperliquid. According to Hyperinsight data, its liquidity provided for BTC and ETH has decreased by about 90%, with the combined market-making scale for the two major cryptocurrencies dropping from approximately $40 million to $4 million. Although Wintermute still holds positions in 111 cryptocurrencies and maintains high-frequency orders, its total position size has decreased from nearly $80 million to $41 million. The total estimated reduction in positions by the two market makers could reach $100 million.

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