Fresh wallet loses $1.11M in two days after five liquidations in an hour
- —Lookonchain recorded five forced liquidations of a single address in one hour
- —Cumulative losses for the new wallet over two days reached $1.11 million
- —The exchange and assets behind the liquidations were not disclosed
- —The losses came as BTC rebounded to $82,987
Why it matters: The case highlights how quickly freshly funded leveraged wallets can be wiped out even during a market bounce.
Source: TokenPost