Huang Licheng’s funds fell from $11.15 million to $8.8 million over the past few days, even as BTC and ETH traded largely flat at elevated levels. The losses were tied to repeated stop-loss position reductions during minor market pullbacks, according to Ember Monitoring. He currently holds $114 million in long positions, including $100 million in ETH. The ETH long was opened at $2,463, with a liquidation price of $2,307.