Huang Licheng sharply reduced several leveraged long positions on Sept. 10, selling about 9,575 ETH before buying back roughly 2,000 ETH, for a net reduction of about 7,575 ETH. He also cut 58,500 HYPE and sold his remaining 68 BTC long, leaving no Bitcoin position. TradingBeats data showed he still held a 25-times leveraged long of 33,000 ETH worth about $80.33 million, with an unrealized loss of approximately $872,000, and a 10-times leveraged long of 86,000 HYPE worth about $6.96 million, with an unrealized loss of roughly $425,100.