This young man, once known as the 'Contract War God,' has portrayed a rollercoaster life from the peak of wealth to the abyss in just a few years. His experience reflects human weaknesses and industry chaos, which is worth deep reflection for every participant.
Liangxi's trading trajectory: Talent ignites the starting point, while madness overspending leads to the end.
At 18, entering the market with 1000 yuan in capital and 50x leverage, Liangxi perhaps never imagined that trading would become a double-edged sword that rewrites his life. During the '5.19' crash in 2020, he gained fame by shorting Bitcoin with 100x leverage, reaping an astonishing 40 million in a month, which quickly branded him as a 'genius trader.' However, this sudden wealth became the beginning of the destruction of reason—when the market rebounded in 2021, he remained obsessed with the high-leverage gamble, resulting in multiple account wipeouts and ultimately accumulating a debt of 200 million U.
The plot in 2025 becomes even more surreal: on February 24, when Bitcoin plummeted, he used $2000 in capital and leveraged 50-100 times to trade ETH, reaping over a million U in a single day; however, just half a month later, on April 9, a profit of 25.04 million RMB shrank to a loss of 12.5 million within 24 hours. This 'roller coaster' account fluctuation is no longer normal trading, but a human gamble amplified by leverage.
Collapse of the Trust Chain: The domino effect from 'idol' to 'collapse.'
Liangxi's 'Persona Economy' was once a spectacle in the crypto world: the 'grassroots counterattack' image crafted through live trading attracted numerous retail investors to follow and large players to delegate trading. This 'traffic - trust - capital' speculative model is essentially constructing a house of cards with short-term results—when a $20 million liquidation occurred, what collapsed was not only his personal capital but also the entire ecosystem's trust system. The hard-earned money of partners and the wealth fantasies of retail investors turned to ashes in the explosion of high leverage, even triggering a collective questioning of the 'copy trading model' within the industry.
Crypto Mirror: How does a distorted ecosystem give rise to tragedy?
Liangxi's downfall is both a result of personal choices and the catalytic influence of the industry soil:
The Capital Flow Game: Some big shots in the circle treat it as 'living advertisements,' driving traffic to exchanges by funding trades and creating topics. This distorted binding of interests turns traders into puppets in the hands of capital, ultimately being backfired by the flow.
The Abyss of Regulatory Void: High-leverage trading and gray operations like client asset management lack constraints, causing risks to spiral out of control like a snowball. When Liangxi live-streamed 'drinking pesticide' to repay debts, fell into community infighting, and even went to prison for contract fraud, it exposed the emptiness of industry rules.
Resonance of Gambler's Psychology: The prevalent narrative of 'getting rich quickly' in the crypto world has led countless individuals to overlook that the essence of trading is risk control. Among Liangxi's fans, there are many speculators with a mindset of 'taking a shot at financial freedom,' and this collective unconscious has become fertile ground for the growth of scythes.
A Warning to the Market: Beyond talent, one must also respect the rules.
Liangxi's story unveils the harshest truth of the crypto world: short-term profits rely on luck, while long-term survival depends on discipline. For ordinary investors, there are at least three layers of insights:
Beware of Leverage Illusion: 50x and 100x leverage may seem to amplify profits, but in reality, it exponentially increases risks. One misjudgment can permanently reduce the principal to zero—this is not investing, but betting with one's fate.
Stay Away from Persona Worship: Any trading myth that claims 'guaranteed profit' may hide a scythe behind it. Rather than blindly believing in 'gods,' it is better to spend time building your own trading system and rationally assessing risk tolerance.
Maintain Legal Boundaries: Actions like delegated trading, copy trading, and false advertising have long walked the legal edge. Liangxi's imprisonment for contract fraud serves as a wake-up call for all those attempting to 'take shortcuts.'
The crypto world is never short of legends, but true sages understand: trading is not about who makes money the fastest, but about who survives the longest. When the tide goes out, those dancers relying on talent and luck will eventually exit, and only those who respect the market and adhere to discipline will remain standing after the storm. This may be the most precious gift Liangxi's story leaves for the industry—a required lesson on 'restraint and rules' taught through a young man's tumultuous life.
#币安Alpha上新 #以太坊走势 $BTC $ETH
