Magic Wallet Holds $1.28B in BTC & ETH Multiple Positions

A new report from BitRss reveals that Magic's (麻吉) wallet holds approximately $1.28 billion in Bitcoin (BTC) and Ethereum (ETH) multiple positions, with the Ethereum multiple position being just about 60 USD away from the liquidation price.

According to the data, Magic's BTC holdings are substantial, but it is the ETH multiple position that raises eyebrows, given its proximity to the liquidation price. The exact nature of these positions and how Magic plans to manage them remains unclear at this time.