Magi has significantly increased its Ethereum exposure by adding 525 ETH long positions over the past 16 hours, while simultaneously closing its Bitcoin long positions. According to Hyperinsight data, Magi now holds 8,000 ETH in 25x long positions with a liquidation price set at $2,870. Additionally, the entity maintains 8,000 HYPE in 10x long positions. This strategic shift underscores a growing focus on Ethereum as a primary asset for long-term investment.