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

BlockBeats reported that on October 20, Wintermute's founder Evgeny Gaevoy participated in The Block's podcast, stating that the outside world generally misunderstands the company's “frequent shorting,” but in fact, Wintermute has maintained a net long position for a long time, having been bullish on the market since 2022 or even earlier. Gaevoy revealed that Wintermute has a venture capital division, investing in multiple projects and holding a large amount of Lock-up Position Tokens, while also holding core assets such as BTC, ETH, HYPE, and SOL. He emphasized that the company could not actively engage in dumping, as that would harm its own holdings' value. In terms of Risk Management, Wintermute has set strict limits: long positions do not exceed 25% of net assets, and the capital from a single platform does not exceed 35%. Gaevoy stated that this strategy has allowed the company to successfully weather the FTX collapse and multiple hacking attacks, and asserted, “Unless the top five trading platforms disappear simultaneously, we can survive.”