Wintermute founder: Maintain a net long position in the long term, but long positions do not exceed 25% of net assets

BlockBeats News, on October 20, Wintermute founder and crypto market maker Evgeny Gaevoy stated during The Block’s podcast that the public generally misunderstands the company as “frequently shorting,” but in reality, Wintermute has maintained a net long position for a long time and has been bullish on the market overall since 2022 or even earlier.

Gaevoy revealed that Wintermute has a venture capital division, has invested in multiple projects, and holds a large number of locked tokens, as well as core assets such as BTC, ETH, HYPE, and SOL. He emphasized that the company could not possibly dump the market intentionally, as that would harm the value of its own holdings.

In terms of risk management, Wintermute has set strict limits: long positions do not exceed 25% of net assets, and funds on a single platform do not exceed 35%. Gaevoy said that this strategy enabled the company to survive the collapse of certain exchanges and multiple hacking incidents, stating, “Unless the top five trading platforms disappear at the same time, we will survive.”