ChainCatcher reports that, according to Hyperinsight monitoring, the crypto market experienced a rapid decline this afternoon at 4:00 PM, with Ethereum dropping over 2% in a short period. During this time, some long positions on Ethereum by Magic were partially liquidated. As of press time, the 25x ETH long position has decreased to only 1,360 ETH, with the liquidation price dropping to $1,929.
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