From $1K to $40M—Then Back to Zero
In the volatile world of cryptocurrency trading, few stories capture the extremes of risk and reward as dramatically as that of Liangxi (born 2002, Jinan, China). Dubbed the “Contract War God” for his ruthless precision in leveraged trading, Liangxi turned $1,000 into over $40 million during Bitcoin’s infamous May 2021 crash—only to lose it all months later.
His journey—from teenage swimming champion to leveraged crypto kingpin—is equal parts inspiring and sobering. Here’s what traders can learn from his rise and fall.
The Ascent: 100x Leverage and the “Contract War God”
Liangxi entered crypto at 18, using his father’s account to trade. During the May 19, 2021, market crash, he executed a daring strategy:
Shorted Bitcoin with 100x leverage, capitalizing on minute price swings.
Averaged 1,000+ trades per day, scalping profits from volatility.
Turned $1K → $40M+ in weeks, peaking as a self-made millionaire.
His aggressive style earned him a cult following—and the nickname “Contract War God” (合约战神) in Chinese crypto circles.
The Downfall: Liquidation, Debt, and “Master of Zero”
By late 2021, Bitcoin’s recovery turned Liangxi’s luck:
Multiple liquidations wiped out his $40M fortune.
Borrowed heavily to recover, but debts spiraled ($100M+ rumored).
$50K bailout from crypto moguls (Sun Yuchen, Du Jun)—lost in days.
Mocked as “Master of Zero” (归零大师), his story became a cautionary tale about over-leverage and emotional trading.
Controversies: Fame, Family Feuds, and Rehab Rumors
Liangxi’s brash persona fueled drama:
$1M “charity donation” dismissed as a PR stunt.
Public fallout with his father over finances (“sent to rehab” rumors).
Meme-famous for wild trading screenshots and debt confessions.
Key Takeaways for Crypto Traders
Leverage is a Double-Edged Sword – 100x can mint millionaires… or destroy them.
Sustainable Strategy > Hype – Liangxi’s hyper-trading led to burnout.
Risk Management is Non-Negotiable – Even “genius” traders blow up.
Final Thought: A Legend—For Better or Worse
Liangxi’s story embodies crypto’s high-risk, high-reward culture. While his legacy is debated, one lesson is clear: In markets, nobody stays a “god” forever.
What do you think? Could Liangxi make a comeback—or is this the end of the saga? Share your thoughts below.