Not as physicist so correct me if I am wrong:
Objects falling at the same height are pulled towards the Earth at the same speed no matter how much they weigh.
But objects falling at different heights are pulled towards the Earth at different speeds. Since Earth is enormous and it’s magnetic field is weak this effect is not noticeable.
A small bar magnet will actually have a stronger magnetic field in a smaller sized area so the pull is more dramatic and noticeable.
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