According to CoinMeta and media reports, based on on on-chain data, market maker Wintermute completed 17,219 trades of BTC in the past 18 hours, with a total transaction volume of 238 million US dollars. During this period, the account opened 1,013.53 BTC positions and closed 1,751.45 BTC positions, resulting in a net reduction of 737.92 BTC. The number of open short positions decreased from 1,160 to 422.12, a reduction of 63.6%. As of 10:30 today, the account had a net reduction of 854.61 BTC, resulting in a loss of 2.0931 million US dollars. However, after 10:30, it re-opened a net position of 116.69 BTC, indicating that it is still making frequent adjustments to its exposure in response to price fluctuations. Currently, Wintermute holds 422.12 BTC open short positions, valued at approximately 36.0572 million US dollars, with an average opening price of $85,532.90 and a floating profit of 48,300 US dollars.