Whale "sat0shi777" had its Ethereum short position liquidated for 31,600 ETH, worth $53.5 million

According to on-chain analyst EmberCN, in the past half hour, the short position of whale "sat0shi777" was liquidated for 31,600 ETH (worth $53.5 million), which also acted as fuel for the ETH rebound. After the US stock market opened at 9:30, 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 valued at $38.64 million, with the latest liquidation price at $1,764, approximately $50 away from the current price.