「Majic」Readjusts Holdings, Bets Big on BTC, ETH, and HYPE

Market monitoring data shows that on February 17, an address associated with Majic executed a fresh round of portfolio adjustments. The wallet selectively offloaded portions of its ETH and smaller altcoin holdings, then significantly increased its positions in BTC, ETH, and HYPE on Hyperliquid.

Current position breakdown:

• Longing 6,200 ETH at 25x leverage, with an entry price of $2006.88 and liquidation at $1847.69;
• Adding 25 BTC with 40x leverage, entering at $68,645.90 and liquidating at $33,872.44;
• Building a 55,000 HYPE position at 10x leverage, entered at $31.09 and liquidating at $14.44.