In the domain of digital currency trading, there has recently been a significant event of massive liquidation across the network, involving an amount of $5.114 million. This data originates from the latest market monitoring report, indicating intense market fluctuations within the past hour, leading to such considerable financial losses. Especially noteworthy is that in this wave of liquidation, short positions were the primary casualties, with a loss totaling $50.85 million. This phenomenon has triggered widespread concern and discussion within the industry about market risk control and investor risk management strategies. Faced with the increasingly complex and changing market environment, investors need to be more cautious in managing their transaction risks. At the same time, trading platforms should strengthen their risk warning mechanisms to jointly maintain market stability and healthy development.