The Emotional Gamble of a Crypto Dentist: From 500,000 Liquidation to 2,600,000, Ultimately Falling at the Moment of 'Drifting'
On the night of July 17, 2025, the crypto dentist stared at the notification of forced liquidation from the exchange, the light from his phone reflecting on his pale face. 500,000 RMB fully leveraged at 50 times shorting $ETH , a violent surge overnight caused his account to instantly go to zero — this was all his life savings, and at that moment, not only had it vanished, but he also accrued hundreds of thousands in debt to his wife, relatives, and online lending platforms. That night, he held his wife and cried until dawn, finally revealing everything about contract trading, liquidation, and borrowing from online loans. His wife didn’t blame him; she just made beer duck the next day and gently said, 'Alright, let's gamble once more.' The wheels of fate began to turn quietly from that meal infused with the smell of smoke and fire.
Hell mode: From a WeChat balance of 60 yuan to cautiously taking on代打
After the blowout in July, the dentist's life fell to the bottom. His WeChat balance was only 60 yuan, and the collection calls from online loan platforms became a daily occurrence. During the day, he mechanically drilled teeth in the clinic, and at night he stared at the computer screen, making a meager profit by代打 contracts for others. With small orders of 3000 U and 5000 U, he acted as carefully as a servant, double-checking every operation, fearing even the slightest mistake.
Occasionally catching a wave of market movement made him profit 100,000; he immediately transferred 50,000 to his wife, using the rest to repay online loans. But pressure urged him to take risks again, and he borrowed 80,000 to bet on a short position, resulting in another blowout. During that time, his social media was filled with despair: 'Brothers, I don't even have money for food now' 'Please, can someone lend me 200U for emergencies? I will definitely pay it back next week.' No one could have imagined that this 'dentist god' who later dominated the contract circle was once so humble as to ask for 200U.
Turning point: 10,000 U as a lifeline, 5 times reversal in 18 days
In mid-October, a ray of light shone into the darkness — a fan who was a big player found him and threw out 10,000 U: 'Dentist, I will give you 10,000 U for代打, no profit, no charge, we split the earnings 50-50.' This 10,000 U became his lifeline, pouring all his caution, experience, and desire to survive into it.
In 18 days, he operated like a precise machine, taking profits, cutting losses, and avoiding risks with withdrawal controls as clean as a quantitative system. He experienced a 60% major drawdown in between, almost blowing up again, but he held firmly without moving, ultimately grinding 10,000 U into 50,000 U. When withdrawing, he took 40,000 U in profit, kept 20,000 U for himself, and shared 20,000 U with the big players. At that moment, he shouted frantically on social media: 'I finally survived!!!' This post instantly exploded, with countless people messaging 'Dentist, take me along', and he took the opportunity to start a public copy trading group, with the ID 'Dentist' beginning to emerge in the crypto circle.
Raging moment: 30 days of crazily earning 1.22 million, from online loan debt to a net worth of 2.6 million
In November, the dentist's life hit the accelerator, entering a frenzied doubling mode. On November 4, he earned 1 million RMB in a single day, with his account first breaking through 200,000 U (about 1.4 million RMB); on November 5, he lost 1 million on a single trade, and just when everyone thought he was about to fall, he managed to recover the loss that same night; on November 6, he posted a touching update: 'From blowing up 500,000 in July to today paying off all online loans and debts to my wife, I have transferred a total of 400,000 to my wife over these months, and I said I would pay it back, and today I did.'
Wealth came quickly and violently. On November 10, he preemptively set up Ethereum long positions to hit the peak and directly withdrew 50,000 U to buy a Rolex GMT 'Blue and Red'. The caption was only a single sentence: 'Brothers, the watch is bought, next month I will cash out my wife's Hermes.' On November 12, with a cumulative profit of 1.22 million over 30 days, he soared to the 'smart money' leaderboard on Binance. A month ago he was worried about online loans, and a month later his net worth approached 2 million, even he was stunned: 'Is this a dream?'
After becoming rich, he did not forget his roots. On November 13, he personally paid over 10,000 for shipping and bought 200 boxes of Gan Nan navel oranges to send to fans: 'When I was poor, I always wanted to eat a box of good oranges. Now that I have the ability, I want my brothers to taste the sweetness too.' At this point, he was seen as a 'god' by fans, an extremely precise short-term trader, yet no one noticed that the seeds of emotion had quietly sprouted beneath the peak.
Deadly turning point: Warning signs of drifting, emotions out of control under reason
No one can remain calm forever, especially after climbing from despair to the peak in a short time. The dentist's curve remained beautiful, and operations seemed to be executing logic, but those familiar with him could sense that the 'smell' of his emotions had changed.
He began to feel that he was 'stable' and had 'grasped the market rhythm'; his former caution was slowly replaced by inflated confidence. From a WeChat balance of 60 yuan to a net worth of 2.6 million, this drastic change quietly took over the steering wheel from his left brain to his right brain — he thought he was trading rationally, but in reality, he was already chasing the illusions of his heart.
The most dangerous moment in trading is never when you lose money, but when you make the most profits and think you 'understand'. The dentist is now standing on the edge of this cliff, stepping on the accelerator of profit, yet quietly severing the brake.
Endgame fall: 2.6 million to zero, the leak of character ultimately cannot be hidden
All drifting ultimately comes at a price. When the account peaked at 2.6 million, the dentist made a fatal decision — just like when he blew up 500,000, he once again fully leveraged a single direction.
This time, the market did not favor him again. The market suddenly reversed, and the account under high leverage was instantly breached, with his 2.6 million fortune reduced to zero in a few hours. From blowing up 500,000 in July, to having 2.6 million in November, and then back to square one, this rollercoaster wealth dream ultimately ended in tragedy.
Just like that heart-wrenching saying: 'Any major drawdown is a leak of character, not a system problem.' The dentist's downfall was not due to the failure of his trading system, but because the 'drifting' at the peak made him lose the caution and respect that once supported his reversal. Emotions never give advance notice, but always lie in wait after the peak, ready to deliver a fatal blow the moment you let your guard down.
This farce of going from a 500,000 blowout to 2.6 million and then back to zero ultimately left behind a cruel lesson: profit in the crypto circle may depend on luck and skill, but long-term survival ultimately relies on emotional control and respect for the market. When you think you are 'stable', it may be the most dangerous beginning.
After writing about the dentist, I just hope every brother can survive in the market! And not gamble like a degenerate, as 99% of gamblers end up with nothing! Let's encourage each other!
