PANews reported on October 16th that on-chain analyst @ai_9684xtpa reported continued liquidation and reduction of long ETH positions by Maji (Huang Licheng) this morning. Over the past 11 hours, 1,590 ETH were reduced, resulting in a loss of $246,000 USD. Five hours ago, another 25 ETH were added at $4,002.5 USD. Currently, the remaining 585 ETH (worth $2,335,000 USD) is held, with a distance of $72.78 USD from the liquidation price.