「Majik」Reduces ETH and HYPE Long Positions Simultaneously, Suffers $65K Unrealized Loss

According to the latest report from mixer navigation, on February 3, monitoring data from HyperInsight showed that the well-known investor "Majik" simultaneously reduced long positions in ETH and HYPE.

The account is currently holding 1120 ETH with 25x leverage, resulting in an $80K unrealized loss. Additionally, it is long 48,568.89 HYPE with 10x leverage, showing a $15K unrealized gain.

Here is a detailed breakdown:

• ETH Position: 1120 ETH, 25x leverage, $80K unrealized loss
• HYPE Position: 48,568.89 HYPE, 10x leverage, $15K unrealized gain

This move reflects a cautious stance from the investor toward the current market trends, which is worth noting for the industry.