Liangxi's self-explosion of tens of millions of dollars in losses hides what kind of reality behind it

In the cryptocurrency world, Liangxi's self-explosion of tens of millions of dollars in losses hides what kind of absurd reality?

At 7:27 AM on May 22, under a 'needle' in the cryptocurrency circle, Liangxi, who once operated a $500 million position, was pierced through the last psychological defense line.

> "1000 bitcoins, a net loss of $5.7 million. There are also accounts that lost over $30 million, and I can't even take high-speed trains or airplanes."

This is Liangxi's 'collapse statement' on social media, but the information it reveals is enough to shock the entire cryptocurrency circle.

Top female star, billion-dollar funds, heavily in debt

The keywords mentioned by Liangxi are jaw-dropping:

Trading cryptocurrency for a certain top-tier female celebrity in the country, her account suffered the worst losses;

$500 million position, plus leverage of about 5000 BTC;

Some partners stopped loss at the highest point with 1000 BTC, directly losing $5.7 million;

Burdened with debt, restricted from high consumption, can't even take a plane;

Being troubled by the police and the courts every week.

It looks like a 'version' of 'The Big Short' in the cryptocurrency circle, but all of this is happening in the real world.

The frenzy and liquidation of the cryptocurrency circle

The reason Liangxi's statement has sparked huge controversy is that people in the cryptocurrency circle are too familiar with this kind of script:

1. High leverage + emotional trading, liquidation is just a matter of time;

2. Many 'real accounts' are actually performances, used to attract followers and cut leeks;

3. Using star effects and partner personas to 'set traps' for cashing out.

But Liangxi said: "I really lost, the partners are big players, they won't trouble me."

If this is true, then what it represents behind it is the complete collapse of the financial trust system in the cryptocurrency circle.

How should we view Liangxi's liquidation?

He is like a bankrupt gambler who bet everything at the most bustling time on the last 'heavenly turn and collapse'. But ironically, his failure is exactly the easiest to attract traffic, becoming his chip for resurgence.

Conclusion:

The cryptocurrency circle has never lacked geniuses, madmen, and scammers. Which one is Liangxi? Perhaps we will only know after the next bull market.