Whale's $53.5M ETH short position partially liquidated

An anonymous whale's short position of 31,600 ETH, valued at $53.5 million, was partially liquidated over the past 30 minutes, according to on-chain analyst EmberCN. The analyst noted that as the price of Ethereum (ETH) continued to rise after the U.S. stock market opened, it surpassed the whale's liquidation price of $1,674. This resulted in a loss of $4.64 million for the investor. EmberCN added that the whale still has an open ETH short position worth $38.64 million, with a new liquidation price of $1,764, which is only about $50 away from the current price.