Family, I am Aiers, I've recently watched many stories in the cryptocurrency world, and tonight I want to share with you the 'General Liang Xi'! A man who is one of the myths in the crypto world.
This 23-year-old guy from Shandong treats the B circle as a real-life version of (The Wolf of Wall Street). His story is like a rollercoaster, soaring into the clouds at one moment and plunging into the abyss the next, leaving people dumbfounded.
One, leveraged trading: 24 hours between heaven and hell.
First, let's talk about his trading style; it truly is 'view death lightly, and if you don't agree, then fight.'
On February 24 this year, when Bitcoin plummeted, Liang Xi used $2,000 as capital and made a 50x leveraged short on ETH. Within 24 hours, he traded more than 500 times, averaging one operation every three minutes. This high-frequency operation allowed him to successfully close his position at the end of the crash and then go long, raking in 7 million RMB in a single day.
But don't think he only shorts; Liang Xi's rollercoaster journey has just begun.
On the afternoon of April 9, he shared a profit screenshot showing a 50x short position on BTC with a floating profit of 25.04 million RMB, captioning it 'Liang's family stands up!'. The group erupted with excitement, cheers all around. However, 24 hours later, the plot twisted; a sudden bullish candlestick caught him off guard, and a 12.5 million profit evaporated instantly, equivalent to a loss of 8,680 RMB per minute.
This knife-edge operation has led him to experience 17 instances of fluctuations in the tens of millions over the past three months. The most exaggerated instance was when he went from a loss of 6 million in the morning at 8 AM to a profit of 12 million at 3 PM, during which he drank 6 cans of Red Bull and smoked two packs of Zhonghua.
Two, social media: The magical operations of a traffic genius.
Liang Xi is not only crazy in trading but also shocks people with his antics on social media.
In September 2023, he live-streamed drinking pesticide, only to be exposed for having iced tea in the bottle. He defiantly responded, 'If I really drank it and died, what would you guys be watching for?!'.
In March of this year, he suddenly tweeted announcing he started taking transgender medication, sharing numerous boxes of estrogen pills, captioning, 'I will no longer be attracted to women and can finally focus on trading cryptocurrencies.' This tweet sparked widespread debate, with medical bloggers pointing out that the estrogen he consumed in two days was equivalent to three months of normal dosage.
But the most dramatic moment was during the live broadcast on April 15. Before the show, he generously threw out five 10,000 RMB red envelopes, claiming he would donate 50,000 RMB to impoverished households. During the live stream, as he was about to expose the dark side of exchanges, a sudden knock on the door interrupted him. The camera shook violently as he coughed and said he needed to cooperate with the investigation, and the live stream went dark in an instant—this million-dollar traffic live stream ultimately ended with him being taken away.
Three, charity and debt: Ice and fire.
Don't be fooled by Liang Xi's antics on social media; he has a serious side too.
On March 10, he came across a plea for help from a cancer patient and sent an assistant with 400,000 RMB cash to Shanghai Ruijin Hospital the next day, promising to cover the subsequent treatment costs. This act of kindness earned him respect from many netizens.
However, the halo of charity cannot hide the shadow of enormous debt. On April 16, a creditor shared a loan note during a Twitter live stream, claiming he owed 30 million. That night, Liang Xi's Space live stream featured three creditors simultaneously demanding repayment; he promised to repay 5 million next month but then turned to his fan group and voiced, 'I still have 20 million USDT in my account, but I just want to drag it out and drive those bastards crazy!'.
This split operation is so complex that even seasoned cryptocurrency people can't understand it.
Four, the 'dark forest rule' of the cryptocurrency world: gamblers and traffic.
Liang Xi's rise is essentially a dark history of grassroots players in the cryptocurrency world. He has precisely tapped into the emotions of each era:
2018 Bear Market: Imitating the first generation of rights defenders Yang Chao to shape a tragic image.
2021 Bull Market: Creating a myth of sudden wealth, attracting the first batch of followers.
2023 Debt Crisis: Self-disclosure of a 130 million debt, creating the persona of the 'most miserable trader.'
2025 Regulatory Storm: Bombarding CZ and exchanges, shaping the image of the 'retail savior.'
Now, he is playing high-level psychological warfare: When everyone thinks he's done for, he shows profit screenshots; when people start to idolize him, he immediately exposes black materials. This back-and-forth has increased his traffic stickiness by 300%.
Five, the Liang Xi phenomenon: Reflecting the state of individuals in the cryptocurrency world.
Liang Xi's story is both a rollercoaster of personal fate and a microcosm of the current state of the cryptocurrency world.
Survivor bias: Liang Xi's success relies on luck; his operations are difficult for ordinary people to replicate.
Industry status: 99% of retail investors are repeating Liang Xi's gambler logic, but most end up facing liquidation.
Warning significance: Liang Xi's story warns us that the cryptocurrency world carries extremely high risks, and blindly pursuing wealth may lead to catastrophic consequences.
In the end, I want to say that Liang Xi's story is like a (survivor) in the world of cryptocurrency, showing us the greed and fear of human nature, prompting us to reflect: while pursuing wealth, we should also pay attention to our mental health and financial safety.