The market seems calm, but risks are quietly building up. At the start of the new year, besides chasing gains and losses, you should be more alert to three major traps that are easy to overlook but highly dangerous—these pitfalls could cause your assets to shrink instantly.

**First Killer: Technical Chain Liquidation**

Once Bitcoin's price drops below the critical level of $86,000, the consequences could be much more severe than you imagine.

Mainstream platforms have long positions totaling approximately $856 million. Once liquidation is triggered, automated sell orders will pour out like a waterfall. Then comes the death spiral—sharp declines trigger liquidations, which in turn accelerate the decline, and liquidity can dry up completely in a short period.

If you are a heavy trader, now is the time to review your leverage ratio and set your stop-loss prices properly. Those trading lightly should not think about "catching falling knives"—that’s not bravery, that’s seeking death. The correct approach is to wait until market panic subsides and the liquidation wave truly passes, then look for a sign of stabilization before taking action.

**Second Killer: Altcoin Targeted Hunting**

When the market lacks a clear narrative and liquidity is tight, it becomes a hunting ground for whales.

Take a look at recent tokens like ACA, CYBER—second- and third-tier altcoins with average liquidity and volatile swings. The tactic is simple: inflow of funds causes sell-offs, and within 24 hours, you can see a rollercoaster of 10%-18%. Retail investors following the trend? Deeply trapped.

Remember the LIT incident? The massive airdrop triggered a battle between bulls and bears, with top traders fighting it out. Ordinary investors entering face information gaps, and with limited funds, their chances of winning are slim to none.

So the best defense is: stay away from coins you don’t understand. Better to miss out than to make mistakes. When there are no hot spots in the market, holding cash itself is a win.

**Third Killer: Wallet Address Poisoning**

This is the most covert and fastest-growing threat.

Hackers’ tactics are like this—they send a "poison address" to your wallet that looks very similar to a normal address, with the same starting and ending characters but completely different in the middle. When you copy your usual address carelessly, you might select the wrong one, and your assets will fly straight into the scammer’s pocket.

In just December 2025, global losses from such attacks exceede