Liangxi lost half of his wealth a day after making 25 million. Wealth is always in leverage.

On the afternoon of April 9, Liangxi shared his account record showing a profit of 25.04 million RMB in a single day in a WeChat group, once again causing a sensation among cryptocurrency enthusiasts. However, on April 10, the trading record of Liangxi's account showed that his BTC 50x short position lost 1.71 million USD, equivalent to about 12.5 million RMB, wiping out half of the previous day's gains. This dramatic trading style is Liangxi's most eye-catching characteristic—RMB is like joy beans, money spent will come back again.

Liangxi, real name Geng Zhiyu, became a national level one swimmer at the age of 10, won the Hebei province championship in 'Honor of Kings' at 15, and was sent to a school for internet addiction by his father at 17 due to his gaming obsession. From an ordinary youth in a small town in Shandong, he has become one of the most controversial KOLs in the cryptocurrency space, and every move he makes is full of drama. High leverage, creating hype, community marketing, emotional trading... these tags almost define his investment style and personality traits, making his ups and downs in the cryptocurrency world comparable to a roller coaster.

Leverage Maniac: A gambler's mentality taken to the extreme.

In the early days of the cryptocurrency space, there were few mature financial tools available. Retail investors who wanted to turn their fortunes around quickly could only bet on contract trading. At that time, exchanges had not yet introduced a rich array of financial management, staking, or DeFi options, and contracts were the only betting table for retail investors to achieve class crossing. They generally relied on high leverage trading to seek overnight wealth, and Liangxi is a typical representative of this phenomenon.

Liangxi became famous due to the 519 incident in 2021.

In May 2021, Liangxi used only 1,000 RMB from his father's bank card to short Bitcoin with 100x leverage, employing a fast in-and-out short-term operation and rolling position strategy, averaging one operation every 5 minutes, with weekly trades reaching 1,454 times. Within a month, he turned his funds into tens of millions of RMB, and at its peak, his assets reportedly exceeded 40 million, becoming legendary in a single battle, earning titles such as 'Contract War God' and 'Cryptocurrency Genius'.

Source: Internet, reportedly a screenshot of Liangxi's account balance after the '519' incident.

After rising to fame, he showcased luxury cars (reportedly a Lamborghini), luxury goods, and trading screenshots on Weibo, even publicly displaying his bank balance in an attempt to prove his success. He once posted, claiming to be worth over 100 million at the age of 19, attracting a lot of attention.