According to BlockBeats, on September 5th, OnchainLens monitoring showed that two cryptocurrency market makers, Galaxy Digital and Wintertermute, currently hold significantly short positions on Hyperliquid. Specifically:

Wintermute holds approximately $99.82 million in short positions and $5.12 million in long positions;

Galaxy Digital holds approximately $26.41 million in short positions and $6.21 million in long positions.

Together, they held approximately $126.23 million in short positions and only about $11.33 million in long positions. Both institutions' associated addresses recorded losses over the past 30 days, with Wintertermute incurring a loss of approximately $15.3 million and Galaxy Digital a loss of approximately $5.96 million.

According to BlockBeats, on September 5th, stronger-than-expected US jobs data for August triggered renewed market bets on a possible Federal Reserve rate hike, but Wall Street risk assets did not show significant panic.

Data showed that the job market was more resilient, traders raised their expectations for a rate hike at the Federal Reserve's September 16 meeting, U.S. Treasuries were sold off, the dollar strengthened, and the S&P 500 fell on Friday but still recorded a weekly gain.

Unlike previous interest rate hikes that often triggered capital outflows, this round of bond market adjustments has not yet spread to other risky assets. Credit spreads remain low, and pressure on corporate bonds and stock index markets is limited. JPMorgan Chase stated that while US Treasury liquidity has deteriorated significantly, corporate bond ETFs and stock index futures markets have not yet experienced similar tensions. Market resilience primarily stems from economic growth and corporate earnings, particularly as investment in artificial intelligence continues to drive large-scale capital expenditures by technology companies.

Analysts point out that the market is currently more focused on whether yields will rise rapidly than on the employment data itself. Going forward, market focus will shift to inflation data and whether the Federal Reserve will reconsider its rate hike path due to inflationary pressures. If yields rise further rapidly, it could force investors to reduce their risk exposure.