Since entering February, the price of Bitcoin has continued to plummet.
Just when everyone was crying and cursing Bitcoin as a scam.
A young man made a million dollars in just a few days. Besides flaunting his real trading results on Twitter, he also held a crazy red envelope giveaway event to reward his fans.
This young man is Liang Xi, who is known as a genius trader in the cryptocurrency circle.
Readers who are not familiar with the cryptocurrency world may be curious, who is Liang Xi?
In fact, this is not the first time Liang Xi has attracted people's attention; his highlight moment actually began four years ago.
On May 19, 2021, it was a very tragic anniversary for the cryptocurrency circle. On that day, Bitcoin recorded a record single-day drop of 33%, and many established cryptocurrencies even halved in value within a day, a historic event known as the '519 Crash.' However, Liang Xi shorted during this crash, turning an initial investment of 1,000 yuan into over 10 million in profits. Since then, he has gained the title of genius trader and became a sensation across the internet.
But in the following months, he faced a series of liquidations during Bitcoin's continuous rise. According to Liang Xi's own profile, by early 2025, he was already 200 million in debt, betrayed, ostracized, and on the verge of collapse.
After four years of silence, Liang Xi was able to make a comeback, which sounds more like a plot from a sensational novel, but it is indeed a true story that happened to him.
This also makes us curious whether Liang Xi is truly gifted or just riding on luck. Can this comeback truly change his fate of losing more than winning?
The story seems increasingly absurd, yet it is so real that it cannot be ignored.
01 Adolescence and Character Development:
To talk about Liang Xi, we must first discuss his family background and upbringing.
Liang Xi was born in 2002 in Jinan, Shandong. Yes, that's right, he was just 19 years old when he made his fortune.
Through social media, we can see that Liang Xi has deep conflicts with his family; his rebellious nature caused his childhood and teenage years to be filled with arguments with his father.
However, he showed potential in many areas from a young age. He learned swimming and excelled at it, but suffered bullying from teammates, leading to depression in elementary school.
Later, he switched to computer games and became a Master in League of Legends in sixth grade. After dropping out of middle school, he started streaming Honor of Kings on Douyu, achieving top three in peak matches and ranking first with Liu Bei. His ability to achieve results in anything indicates his extraordinary talent, but facing setbacks everywhere suggests his life is destined for ups and downs.
After getting addicted to online games, his father, in anger, sent Liang Xi to a school specifically for addiction rehabilitation. Liang Xi claimed that his experience at the addiction school led to schizophrenia and multiple personality disorder, foreshadowing his later trading style and his eccentric online persona.
02 Entering the Cryptocurrency World: Turning 1,000 Yuan into Ten Million and Then Back to Zero:
Liang Xi's trading journey began in 2020 when he was still under 18 years old and used his father's ID card and bank card to open his first trading account.
On May 19, 2021, as Bitcoin prices plummeted, Liang Xi used his high-leverage short-selling strategy to quickly earn nearly 40 million yuan from an initial investment of 1,000 yuan, thus becoming famous in the cryptocurrency circle.
At this point, some may be curious what strategy could yield such high profits.
If I were to summarize, it could be called the 'Close Your Eyes and Shoot' method:
This actually has nothing to do with trading skills; it's about intensively opening short or long positions over a period of time. As long as you are not afraid of losing and leverage is maximized, just fire randomly into the forest; whether it hits a rabbit or a tiger doesn't matter as long as you hit something. Therefore, if you happen to guess the right direction, using rolling positions can yield astonishing profits.
Liang Xi insisted on continuously shorting in one direction on the day of the 519 crash, gaining fame due to Bitcoin's dramatic drop.
As the saying goes, one cannot hold onto money beyond their understanding.
Of course, Liang Xi's peak moments did not last long; the other side of high-leverage trading soon became evident.
In the second half of 2021, the Bitcoin market rebounded from its lows and continued to rise, while Liang Xi, who was used to shorting, lost his previous market acumen, leading to consecutive liquidations, ultimately losing all his profits and accruing massive debt.
In just four years, Liang Xi went from a 'genius trader' to a heavily indebted, lawsuit-ridden 'defendant.'
If we only stop here, this story seems like just a tale of a reckless young man's rise to wealth and subsequent fall. It's important to remember this is the cryptocurrency world, where gamblers abound, and countless stories like Liang Xi's play out every year.
So, the Liang Xi I want to discuss is not just a successful gambler; his truly special trait is his extraordinary ability to generate traffic. He is the real traffic machine in this game. In the cycles of sudden wealth, liquidation, borrowing, and repaying debts, he has not disappeared; instead, he manages to create greater controversies each time, keeping everyone focused on his every move.
03 The 'Crazy Persona' on Social Media: How Does Liang Xi Manipulate Traffic Through Trash Talk and Exposing His Private Life?
Liang Xi's social media style can be summed up in two words—drama and abstraction. His statements are sometimes extremely tragic, and at other times sarcastic and ironic, as if he is writing and directing his own internet drama, striving to place himself at the center of public discourse.
He often completes a plot twist from 'in debt to making a fortune' in a single day:
In the morning, he tweets: 'I went bankrupt again, can't go on';
In the afternoon, he turns around and posts a red envelope on Alipay: 'Brothers, I'm back on my feet, come claim your money!'
Such starkly contrasting actions make it hard to tell if he is a genuine emotional expressor experiencing intense mood swings or if he has turned social media into a traffic laboratory, using extreme fluctuations to maintain attention.
In the cryptocurrency circle, Liang Xi's 'combat effectiveness' is not only reflected in trading; he also possesses a talent for cursing. Moreover, he never insults nameless individuals, from his early days on Weibo when he clashed with trader Xiao Xia, to Twitter where he engaged in a feud with U merchant Fu Lu Shou, and recently launching 'precise attacks' on well-known blogger Hongkong Doll, showing a foul mouth that rivals that of Brother Sun.
Aside from trading and social media controversies, Liang Xi's love life must also be a focal point of controversy.
After being scammed out of a large sum of money by his girlfriend, he once lost control during a live stream, directly announcing he wanted to 'drink pesticides to commit suicide,' but ultimately failed.
Liang Xi does not shy away from discussing his desires on social media.
He once wrote on Weibo about his method of 'releasing pressure', candidly stating he 'comes at least twice a day', using 'physiological regulation' to vent the extreme emotions brought on by high-frequency trading.
By early 2025, Liang Xi once again thrust his love life into the spotlight.
He accused his current girlfriend of emotional abuse, domestic violence, and even 'cheating on him,' which led him to 'plunge into deep depression.' This accusation only lasted a few weeks, after which he posted an even more extreme update on Twitter, claiming he 'took transgender medication for two days' that made him lose his libido, saying 'seeing images of men and women makes him nauseous,' just to 'focus on trading.'
For the latest version of Liang Xi, emotions have ceased to represent basic emotional needs but become 'external disruptive factors' that severely interfere with trading performance, necessitating manual external intervention to ultimately master his trading skills.
04 Making a Comeback:
As the time reached early 2025, BTC welcomed consecutive declines at the end of February.
A few days later, Liang Xi announced his real trading performance, accumulating over a million dollars in profits during this downturn by leveraging his expertise in high-frequency trading to take both long and short positions, and news of his comeback spread across the internet once again.
Along with the trading surge, Liang Xi's popularity also soared.
He began frequently posting to celebrate his 'successful comeback', not only sharing real trading screenshots but also distributing 10,000 yuan red envelopes on Alipay at set times each day, and continuing for five consecutive days with 'targeted poverty alleviation'. He initiated a 'debt repayment plan', stating he would repay each debt incurred since 2021.
Meanwhile, skepticism never ceased. Some believe he simply 'bet on the right direction,' while others mockingly state: 'Liang Xi is no longer a trader; he is the head of marketing for drama scripts in the cryptocurrency circle.'
Yet Liang Xi himself does not shy away from these doubts. He repeatedly states on Twitter that he is no longer trading for the sake of trading but to 'atone' and 'save the world.'
He said: 'Others become internet celebrities to make money, to harvest you; I make money to become an internet celebrity, I come to save you. The Liang family has been silent for four years; this is our time to break free. We unite to fight against the evil exchanges, and I will make the exchange owners bankrupt through contracts, begging me not to take their money!'
Whether Liang Xi can once again prove that 'luck outweighs skill,' or whether one day he will truly fall into the abyss forever, no one knows. His experiences seem bizarre but make perfect sense in the high-volatility casino that is the cryptocurrency world, to the extent that when I see news of Liang Xi's comeback, it feels almost expected.
05 Reflections and Conclusion:
Liang Xi's story is less about the growth of a trader and more like a long-running internet experiment. He creates climaxes through continuous controversies; each comeback resembles a live script, and each crash feels like a setup for the next plot twist.
Is Liang Xi a genius trader, a traffic manipulator, or a 'genuine patient' of the internet?
In his story, gambler-style high-leverage, high-frequency trading is inseparable from his extreme personality.
Liang Xi's contradictions may stem from his childhood experiences and long-term mental pressure, which reflect onto his trading style, where high-reward strategies often come with high risks, leading to extreme debt.
As for the question of whether 'Liang Xi is really a genius,' perhaps it never needed a clear answer. He may not be the strongest trader, but he is undoubtedly a 'genius actor' in manipulating traffic. Whether it's showcasing profit screenshots, exposing family grievances, or engaging in disputes with various individuals, he always manages to sharply focus traffic on himself, placing himself at the center of topics.
Is he truly a winner, or is he destined to become a victim of traffic?
Perhaps only time will provide the final answer.
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