#大户持仓变化 From potential billion-dollar fortunes to debt-ridden situations, this story takes place in the real crypto world.

The name 'Northern Teacher' is not unfamiliar to those who entered the market before 2017. He was one of the earliest angel investors in a major exchange, investing 2 million RMB early on in exchange for 2 million $BNB tokens, even before the founders' plans were on paper. At that time, his decision seemed incredibly wise.

In August 2017, out of caution regarding policies, he chose to liquidate his holdings. Tens of millions of yuan in cashing out was a safe move. From a return perspective, this investment was considered perfect. But no one expected that if he had held on for a few more years, those 2 million $BNB would have appreciated to nearly 14 billion RMB.

The story took a sharp turn here. During the EOS boom in 2018, he reinvested all his profits into futures trading. The result was a margin call, liquidation, zeroing out, and still paying off debts to this day.

From a paper fortune of hundreds of millions to an actual debtor, this contrast is more heartbreaking than the story of 'buying pizza with ten thousand bitcoins.' It cruelly confirms an old saying: to truly become rich, you must learn to hold your chips firmly.

The active traders from that era are now few and far between. Every wrong sale, every reckless step into futures, can cause you to completely miss an era. This is not a fabricated story; it is a real example of human nature, fear, and market cycles.

Many people are still holding mainstream spot assets like $BTC and $ETH, waiting for the next market cycle. Will their story end differently?