According to the latest monitoring data from HyperInsight, on February 12, addresses linked to the prominent investor "Majic" have fully withdrawn previously set limit ETH short orders, marking a significant shift in their approach to the crypto market.
Current data shows that the address is now aggressively long 560 ETH at 25x leverage, with an unrealized loss of approximately $15,000, despite the current market conditions.
This move is interpreted as a strong signal of optimism towards Ethereum's future price trajectory, reflecting the evolving dynamics of market sentiment within the crypto space.