Liang Xi's liquidation resulted in a loss of 20 million: The passion in the livestream turned into a hell for the retail investors
"I lost ten million dollars, I want to jump off a building." This statement from Liang Xi woke countless people from their dreams. They had once been passionate in the livestream, watching him open a position of 5000 BTC and using dozens of accounts to repeatedly average down, appearing to be a top trader, but in reality, he was a debtor in crisis.
On the morning of May 22, a needle pierced the fantasy; his 1000 BTC was forcibly liquidated, resulting in a total loss of 5.8 million dollars, while the total loss of the entire cooperative network had already surpassed 20 million dollars. Even more terrifying was that—his partners were still holding onto their positions.
Liang Xi's livestream was like a grand show, but the ones truly getting hurt were the ordinary people in front of the screen who believed "he could win." This was not just Liang Xi's liquidation; it was the collective shattering of a whole generation’s faith in copy trading. Those passionate slogans of "buying the dip, let's go" ultimately became the background sound of the lamentations of the retail investors.
