Woofun AI reports that whale "sat0shi777" had a short position of 31,600 ETH, valued at $53.5 million, liquidated within the past half hour. The event contributed to an ETH price rebound, which successfully surpassed the $1,674 liquidation threshold following the US stock market open at 9:30 AM.

The liquidation resulted in a $4.64 million loss for the entity. A remaining short position worth $38.64 million is still active, with the current liquidation price set at $1,764, approximately $50 above the prevailing market rate.