According to @CryptoWhale, Bitcoin's sharp decline below the $105,000 threshold led to the full liquidation of major investor Wynn, resulting in losses exceeding $100 million within just one week (source: @CryptoWhale, Twitter, June 2024). This event highlights the critical importance of disciplined risk management, proper position sizing, and the use of stop-loss orders in volatile crypto markets. Traders are reminded that even large-scale investors are vulnerable to rapid market downturns, emphasizing the need to avoid over-leverage and to continuously monitor market movements. The incident serves as a high-profile example of how rapid BTC price swings can impact not only individual portfolios but also broader market sentiment.