「Majic」Reduces HYPE and ETH Positions with Over $2.5M Profit in a Week

According to Hyperinsight monitoring, on January 18, Majic added approximately $246K worth of ZEC long positions over the past 3 hours. This adjustment slightly lowered his average cost from $415 to $411.29, resulting in a floating loss of $48.1K per coin.

At the same time, Majic has begun partially taking profits on his HYPE and ETH long positions, securing notable gains.

Position Overview

Currently, he maintains long positions in ETH, ZEC, and HYPE, with a total value of nearly $45 million. Specifically:

• ETH: $34.87M position, $862K floating profit
• HYPE: $8.43M position, $130K floating profit
• ZEC: $246K new long added, $48.1K floating loss

Over the past week, his account has accumulated over $2.538M in floating profits, demonstrating effective position management.