Nansen Pro Shows Wintermute Market Maker Is Most Short on ETH

Using Nansen Pro I found a trading pattern that’s 3 for 3 tracking Wintermute’s wallet

Been monitoring Wintermute market maker’s wallet 0xecb6 for weeks now, in regards to their trading positions and position changes on Hyperliquid.

I found a pattern that is so far 3 for 3 or 100% in last 6 months of tracking this Wintermute’s wallet.

What can easily be noticed on pic in this post, is that whenever Wintermute’s trading position value reaches around 30k ETH (or approaching $100M), then price usually go in direction of their position.

In ETH perpetuals market, we can see Wintermute in last 6 months had 3x trading position on ETH of over 30k ETH.

All 3 times they were short ETH and price did go lower.

Last time Wintermute had over 30k ETH position was short ETH starting on Dec 11th 2025 — with ETH then around $3,250.

Within a week, ETH price dropped even below $2,800.

This by default not means market maker is right every time.

But knowing that market maker takes the other side compared to retail, this give us edge into knowing when retail is most exposed and will most probably get liquidated.

Overcrowded public trades usually end up with price going in opposite direction.

So how to track or have access to trading position changes of Wintermute market maker or any top trading wallet?

Easiest way to find & track these wallets is by using quality analytical tool.

I personally use **Nansen Pro**, that lets me see changes in trading positions of top wallets fast, as well as consensus info on smart wallets, public figures and whales.

You can see this specific Wintermute’s wallet here: **Wintermute wallet 0xecb6**

If you want to see labeling of many wallets, then register for free.

But biggest edge, like seeing when trading positions hit extreme levels (like 30k on ETH), for such edge you will need to invest in Nansen Pro plan.

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