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Whale "sat0shi777" Ethereum had a short position liquidated for 31,600 ETH, worth $53.5 million
Svmuu News: According to on-chain analyst Yu Jin, over the past half hour, the short position held by whale "sat0shi777" was liquidated for 31,600 ETH (US$53.5 million), which also fueled ETH’s rebound. After the U.S. stock market opened at 9:30 a.m., the ETH price successfully broke through its $1,674 liquidation price. The liquidated portion of the ETH position resulted in a loss of $4.64 million; following the liquidation, there remains a short position worth $38.64 million in ETH, with the latest liquidation price at $1,764—roughly $50 away from the current price.
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