《Based on my inference: He got liquidated》
In 2019, I met an online contract expert, who was actually a person living off borrowed money after a series of online loans, and he was constantly trading contracts. While chatting with him, I was mindlessly shorting BCH at 1.x times because holding BTC and BCH as long-term hedging assets is quite reasonable. As we were talking, he made a move on his phone, just as BCH spiked up by 3 points. I will never forget his expression at that moment. When I received a notification about BCH's short-term rise and looked up to continue our conversation, I found him:
His face turned bright red, even purple
Gasping for air, having to take deep breaths from time to time
His phone slammed on the table, then picked up and swiped repeatedly
I didn't have the courage to ask him what was wrong, but I felt that during our conversation, he had gotten liquidated. He was a person who made over a million by shorting EOS at 20 times leverage, but he wanted to buy a house in Beijing and earn a bit more before cashing out. Unfortunately, he never made it to the other side. Moreover, he kept repeating his method of making money over and over, getting liquidated, liquidated, and liquidated again.