Encryption whale遭遇连环劫！996枚cWBTC遭liquidation，50天内四度Get Liquidated Rekt千万  

The latest data from blockchain monitoring agency Lookonchain shows that the crypto market has once again witnessed a whale engulfment tragedy. 30 minutes ago, a certain mysterious trading address triggered a liquidation mechanism due to price fluctuations, and its holdings of 996 cWBTC (equivalent to 1.54 million USD) were forcibly taken over by the trading platform. This is the fourth liquidation the address has encountered in just 50 trading days, with total losses amounting to 19.58 million USD, equivalent to the market price of 3 top-configured Tesla Model S vehicles.

Market analysis shows that this Whale account has obvious signs of leverage operations. By pledging encryption assets to obtain liquidity, the intention was to amplify returns during market fluctuations, but it frequently triggers the liquidation line during price corrections. This high-risk strategy, in the context of recent violent fluctuations in encryption assets, is like navigating a canoe in a stormy sea; a slight misstep could lead to disaster.

It is worth noting that three out of the four liquidations occurred around the Federal Reserve's interest rate decisions, highlighting the significant impact of macro policies on the crypto market. As the global liquidity turning point approaches, leveraged speculative funds are undergoing a brutal reshuffle. Industry insiders warn that in the current market environment, overly leveraged trading strategies are akin to playing with fire, and investors urgently need to strengthen their risk management awareness.

This liquidation event once again sounds the alarm for the crypto market: while pursuing excessive returns, one must fasten their seatbelt. After all, the volatility of digital assets is both a breeding ground for opportunities and a deep abyss of risks.