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Market-making firm Wintermute has significantlyincreasedits bearish exposure on Hyperliquid and $XRP among its largest short positions, according to on-chain data tracked by Onchain Lens.

Ethereum has staged a sharp breakout from its multi-week consolidation, with ETH now trading around $2.4K after reclaiming the descending trendline that had capped the broader recovery. The move is supported by a strong acceleration in momentum and a noticeable rise in short liquidations, although the sharp increase in RSI readings suggests the rally could…