Wintermute Founder: Maintain a long-term net long position, with the long position not exceeding 25% of net assets

BlockBeats News, October 20th, Wintermute, a cryptocurrency market maker, founder Evgeny Gaevoy stated in an interview on The Block's podcast that the company is widely misunderstood as "often shorting" in the market. However, Wintermute has actually maintained a long-term net long position, being bullish on the market overall since 2022 or even earlier.

Gaevoy disclosed that Wintermute has a venture capital arm, invested in various projects holding a significant amount of locked tokens, along with core assets such as BTC, ETH, HYPE, SOL, among others. He emphasized that the company cannot afford to crash the market as it would harm the value of their holdings.

In terms of risk management, Wintermute has strict limits: long positions do not exceed 25% of net assets, and funds on a single platform do not exceed 35%. Gaevoy stated that this strategy has allowed the company to survive the FTX collapse and multiple hack attempts, saying, "Unless the top five exchanges disappear simultaneously, we can survive."