Huang Licheng, known as the "Liquidation King," has seen his Ethereum long position reduced to 9,600 ETH, valued at approximately $17.76 million. This reduction comes as the position nears its liquidation threshold, with the current price only $16 away from triggering a liquidation event. On-chain analyst Ai Yi has been monitoring the situation closely, noting the gradual decrease from an initial 16,575 ETH.