The $MAGIC project has effectively gone bankrupt and undergone restructuring, yet the market is still managing to create a false impression through futures.
2025 spending had already drained the treasury, and the Arbitrum smart contract was even found to have a minting privilege. More dangerously, 12 million MAGIC tokens have been consolidated, with 40% already sitting in exchange hot wallets. The market is being propped up entirely by futures leverage at 13 times the spot market cap.
The sword of dilution hangs overhead, and massive sell pressure is already in place. This house of cards, built purely on leverage, could trigger a cascade of liquidations the moment it collapses. Don’t get left holding the bag. If you’re long, take profits on any rally; if you hold spot, exit immediately and stay on the sidelines.
#比特币期权波动率创五年新低 #MAGIC $MAGIC
#W $W
👇
2025 spending had already drained the treasury, and the Arbitrum smart contract was even found to have a minting privilege. More dangerously, 12 million MAGIC tokens have been consolidated, with 40% already sitting in exchange hot wallets. The market is being propped up entirely by futures leverage at 13 times the spot market cap.
The sword of dilution hangs overhead, and massive sell pressure is already in place. This house of cards, built purely on leverage, could trigger a cascade of liquidations the moment it collapses. Don’t get left holding the bag. If you’re long, take profits on any rally; if you hold spot, exit immediately and stay on the sidelines.
#比特币期权波动率创五年新低 #MAGIC $MAGIC
#W $W
👇