Huang Licheng, known as "Maji Dage," has significantly reduced his Ethereum long position, now holding only 261 ETH. This adjustment comes after incurring a $761,400 loss over the past week. The position, leveraged at 25x, was entered at a price of $1,983.05 with a liquidation threshold of $1,915.09. Currently, the position shows an unrealized loss of $12,000, marking a 60% decline. Overall, Huang's total losses have surpassed $25.92 million.