Liangxi recently opened a position of 200 million USD to short Bitcoin, and is now on the brink of liquidation. Based on his posts, it is speculated that his principal is 20 million USD. He opened a position of 200 million USD using 10x leverage. Every 1% fluctuation equals 2 million USD! This is money that an ordinary person would never earn in a lifetime. The most rational action now is to immediately reduce the position to raise the liquidation price. However, a gambler blinded by losses is unlikely to do this. I hope he can survive, after all, he is a banner for retail investors. But his strategy involves high leverage and frequent trading, which is a recipe for liquidation and a path to destruction!
