Shocking! This 'Contract God' collapsed in an instant, and behind it was actually trading with borrowed money! 😱

In 2019, I met an online 'Contract God', but he was hiding a little-known secret behind him—he relied on online loans and borrowed money for trading, even continuously increasing his leverage. At that time, I was shorting BCH with low leverage, thinking that long-term hedging between BTC and BCH was very reasonable. But while chatting with him, he suddenly operated his phone, just in time for a short-term surge in BCH, and I was completely stunned.

In just a few seconds, I saw him:

His face turned red, even purple

Gasping for breath, occasionally taking deep breaths

His phone slammed down on the table, then picked it up and swiped repeatedly

I didn’t dare to ask him what happened, but I knew in my heart that he probably blew up due to a trading mistake.

He was once a person who made over a million by shorting EOS with 20x leverage, aiming to use the profits to buy a house in Beijing. However, fate did not smile on him, and he never succeeded in reaching the 'shore'. He kept repeating the same trading method, but the result was liquidation, then liquidation again, falling into an endless loop.