After three consecutive quarters of decline, ETH finally catches a breath – $1,700 is not the end, it's the beginning of short sellers' coffins being pried open...

You're not mistaken, ETH really did experience "three consecutive quarters of decline."

It saw a long-awaited violent rebound – on the evening of July 2, as soon as the non-farm payroll data was released.

ETH directly broke through $1,700, surging 5.8% intraday!

This is not an ordinary rebound; it's a live broadcast of short sellers' collective "demise."

The key is not the price, but the horrifying numbers on the "liquidation chain":

That giant whale who once had the entire network holding its breath, "sat0shi777,"

His nearly $90 million short position had 31.6k ETH forcibly liquidated within half an hour, equivalent to $53.5 million, with losses exceeding $4.5 million!

What's worse – his remaining $38 million short position has a liquidation price around $1,764, and at that time ETH had already surged to $1,716, leaving only a $50 gap...