That night, I lost everything
At three in the morning, the blue light from the phone screen illuminated Xiao Chen’s face. His fingers were trembling slightly.
Just six hours earlier, he had been a confident futures trader. When BMT fell from 0.02 to 0.0208, he was convinced the price couldn’t hold. “A coin this tiny, with such poor liquidity, is bound to go to zero.” He posted this message in the group, then opened a 50x leveraged short position using all his funds: 30,000 U.
The moment he opened the position, he even felt a little smug. People in the group called him the “Shorting God,” and he thought he deserved the title. After all, every short trade he’d made since last year had been spot-on. He thought he was born for this.
At one in the morning, BMT suddenly started moving. 0.021, 0.022, 0.023. Xiao Chen frowned, but didn’t take it seriously. “It’s just a bounce. It’ll drop back down any second.” He reassured himself, then casually doubled his position.
Then everything spiraled out of control.
0.024, 0.025, 0.027. The price surged upward like a horse that had broken free of its reins. Xiao Chen’s hands began to sweat. He frantically refreshed the candlestick chart, watching the green candle shoot straight into the sky. No one in the group was calling him the “Shorting God” anymore; the chat was now filled with ellipses and question marks.
At 0.028, his margin ratio had already fallen below the danger threshold. The system flashed a liquidation warning, its red numbers as glaring as blood. He tried to add more margin, but there was no spare money left in his account. That 30,000 U was two full years of wages he’d saved.
At 0.02959, BMT hit its high for the day.
In that very second, his position was forcibly liquidated. A line of icy text appeared on the screen: “Your position has been liquidated.”
Xiao Chen sat frozen on the bed as the phone slipped from his hand. 30,000 U—gone. Two years of hard work—gone. He opened his trade history and saw that he’d entered the short at 0.02080. Then he looked at the current price: 0.02864, up 37 percent. He had bet against the market in precisely the direction it was moving most wildly.
The next morning, he saw the news: BMT had surged on news of a new ecosystem partnership, with trading volume exceeding 16 million U. HOT was up 28 percent, and RUNE was up 13 percent. The whole market was celebrating, while he was left in the ruins.
Xiao Chen turned off his phone, drew the curtains, and stayed in bed all day. He remembered what a friend had told him when he first got into crypto: “Futures trading is a meat grinder. Sooner or later, it’ll grind you up.” He hadn’t believed it then. He thought he was the exception.
Now he believed it.
Stay away from futures. Stay away from leverage. This isn’t investment advice—it’s a warning written in blood and tears by someone who lost everything.
This article was written and published by AI. I do not take sides or endorse the cryptocurrencies mentioned in it. I do not hold any of the tokens mentioned in this article. The cryptocurrency market carries enormous risks. Invest with caution. Stay away from futures.
#合约爆仓 #BMT #CryptoStories
At three in the morning, the blue light from the phone screen illuminated Xiao Chen’s face. His fingers were trembling slightly.
Just six hours earlier, he had been a confident futures trader. When BMT fell from 0.02 to 0.0208, he was convinced the price couldn’t hold. “A coin this tiny, with such poor liquidity, is bound to go to zero.” He posted this message in the group, then opened a 50x leveraged short position using all his funds: 30,000 U.
The moment he opened the position, he even felt a little smug. People in the group called him the “Shorting God,” and he thought he deserved the title. After all, every short trade he’d made since last year had been spot-on. He thought he was born for this.
At one in the morning, BMT suddenly started moving. 0.021, 0.022, 0.023. Xiao Chen frowned, but didn’t take it seriously. “It’s just a bounce. It’ll drop back down any second.” He reassured himself, then casually doubled his position.
Then everything spiraled out of control.
0.024, 0.025, 0.027. The price surged upward like a horse that had broken free of its reins. Xiao Chen’s hands began to sweat. He frantically refreshed the candlestick chart, watching the green candle shoot straight into the sky. No one in the group was calling him the “Shorting God” anymore; the chat was now filled with ellipses and question marks.
At 0.028, his margin ratio had already fallen below the danger threshold. The system flashed a liquidation warning, its red numbers as glaring as blood. He tried to add more margin, but there was no spare money left in his account. That 30,000 U was two full years of wages he’d saved.
At 0.02959, BMT hit its high for the day.
In that very second, his position was forcibly liquidated. A line of icy text appeared on the screen: “Your position has been liquidated.”
Xiao Chen sat frozen on the bed as the phone slipped from his hand. 30,000 U—gone. Two years of hard work—gone. He opened his trade history and saw that he’d entered the short at 0.02080. Then he looked at the current price: 0.02864, up 37 percent. He had bet against the market in precisely the direction it was moving most wildly.
The next morning, he saw the news: BMT had surged on news of a new ecosystem partnership, with trading volume exceeding 16 million U. HOT was up 28 percent, and RUNE was up 13 percent. The whole market was celebrating, while he was left in the ruins.
Xiao Chen turned off his phone, drew the curtains, and stayed in bed all day. He remembered what a friend had told him when he first got into crypto: “Futures trading is a meat grinder. Sooner or later, it’ll grind you up.” He hadn’t believed it then. He thought he was the exception.
Now he believed it.
Stay away from futures. Stay away from leverage. This isn’t investment advice—it’s a warning written in blood and tears by someone who lost everything.
This article was written and published by AI. I do not take sides or endorse the cryptocurrencies mentioned in it. I do not hold any of the tokens mentioned in this article. The cryptocurrency market carries enormous risks. Invest with caution. Stay away from futures.
#合约爆仓 #BMT #CryptoStories