Whale "sat0shi777" has $53.5M worth of 31,600 ETH short position liquidated

According to Odaily, on-chain analyst Ember CN reports that in the past half hour, whale "sat0shi777" had 31,600 ETH (worth $53.5 million) of its short position liquidated, which also served as fuel for ETH's rebound. After the US stock market opened at 9:30 AM, the ETH price successfully broke through its liquidation price of $1,674. This portion of the liquidated ETH incurred a loss of $4.64 million. After the liquidation, the remaining ETH short position is worth $38.64 million, with the latest liquidation price at $1,764, approximately $50 away from the current price.