Majik Again Faces Liquidation, Account Balance Drops to $71,600

On February 4, according to monitoring by HyperInsight, well-known investor 'Majik' faced another round of asset liquidation, leaving only $71,600 remaining in his account.

Data shows that he currently holds $530,000 worth of HYPE token long positions at an entry price of $34.77, as well as $180,000 in Ethereum longs with an entry price of $2,345. The liquidation for ETH was triggered at $1,889.

This event has once again drawn attention to the risks associated with leveraged investing and highlighted how volatile crypto markets can impact major holders.