Massive WBTC Liquidation Triggers Following Price Drop

A substantial liquidation event for Wrapped Bitcoin (WBTC) has been reported by PeckShieldAlert, involving the address 0x588f…a3d3. The liquidation occurred as WBTC prices dropped below $85,000, resulting in the forced closure of a significant amount of WBTC – approximately $3.71 million worth of the asset – and impacting several users affected by this event.