As a London-based crypto analyst, I’ve seen dozens of market cycles—but this story hits differently. A former state-owned enterprise deputy factory manager in China lost $3 million trading crypto on leverage, shattered his family, and now drives a taxi for $100 a day. This isn’t just about greed; it’s a cold case study in behavioral finance, debt spirals, and the illusion of 'catching up.' Let’s unpack why even the most disciplined minds fall victim to the compound trap of loss-chasing—and how chain data reveals the real cost behind every 'quick win.'