After winning the election, raked in $25.4 million, six major market makers migrated nearly half of the chips in a certain sector, has the market logic changed?
BlockBeats news, November 6th - Since the U.S. midterm elections, the perpetual contract accounts under six market maker institutional tags on Hyperliquid have collectively increased their PnL by approximately $25.44 million. Alongside the profit growth, these accounts have also undergone a notable round of cross-market position adjustments, with some existing positions being concentratedly reduced while other assets see large capital inflows, involving multiple markets including crypto assets, stocks, and indices.
According to TradingBeats monitoring, covering 71 addresses under six institutional tags including Wintermute, Auros, Selini, Jump, Cumberland, and Flow Traders, over the past 24 hours, these accounts' perpetual trading volume totaled approximately $5.101 billion, with net realized trading profits of about $13.59 million.
Along with the massive profits being locked in, there is a dramatic shift in market-making focus. Old positions are being abandoned on a large scale—which assets are market makers starting to increase allocations to?
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