Hyperliquid's two major liquidity providers simultaneously withdraw BTC liquidity supply, with Wintermute and Auros Global collectively offloading nearly $100 million in positions

May 18th: According to Hyperinsight monitoring, during recent market volatility, two major institutional liquidity provider (LP) addresses on the Hyperliquid platform conducted synchronized large-scale selling or withdrawal activities, with an estimated total scale of up to $100 million. Specifically, over the past two hours, the Auros Global LP address liquidated all its positions on the platform and withdrew approximately $6 million to Binance. Earlier, this LP had provided liquidity for 175 tokens on the platform, with its BTC liquidity pool alone reaching up to $45 million. Meanwhile, the address of prominent liquidity provider Wintermute has significantly cut its market-making exposure on Hyperliquid. Hyperinsight compared current data with previous records and found that its liquidity provision for BTC and ETH has dropped by roughly 90%. Previously, its combined liquidity for these two major tokens was around $40 million, which has now plummeted to $4 million. Though Wintermute still holds positions in 111 tokens and maintains high-frequency trading orders, its total position size has fallen from nearly $80 million to $41 million. Addresses: 0xecb63caa47c7c4e77f60f1ce858cf28dc2b82b00; 0x023a3d058020fb76cca98f01b3c48c8938a22355