Majic Exits HYPE Trade, Expands ETH Position
According to HyperInsight tracking, on February 10th, the whale account "Majic" attempted to establish a HYPE long position of 10,000 tokens but exited just 7 hours later due to weakening market conditions.
Interestingly, while closing its HYPE position, Majic has maintained aggressive accumulation of ETH futures. At press time, the account holds 5,000 ETH in 25x leveraged longs with liquidation price at $2007.
- HYPE position closed within 7 hours of opening
- ETH longs expanded to record levels recently
- Liquidation price indicates strategic positioning