Rewards Hub Majic, a prominent trader, experienced partial liquidation of his leveraged long positions following a decline in Ethereum's price. According to chain analyst Yujin, 20% of Majic's ETH and UNI long positions were forcibly liquidated as the price drop hit the liquidation threshold. This event highlights the risks associated with leveraged trading in volatile markets.
Majic Faces Partial Liquidation of Long Positions as ETH Falls
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.