In the early hours of today, news spread wildly in the cryptocurrency community that 'Liangxi faces liquidation again as Bitcoin plummets to $94,800', causing the related topic to quickly climb to the 9th spot on Weibo's trending search. Although Liangxi has not publicly responded, multiple KOLs have revealed that his contract account now shows 'Debt of 94,800 USDT', presumably due to a failed high-leverage bet on a Bitcoin rebound.
Background of the event:
2023 Crash: Liangxi previously faced liquidation after borrowing over 50 million RMB for cryptocurrency trading, was surrounded by rights defenders, and faced legal lawsuits, earning him the nickname 'Gambling God of the Cryptocurrency World'.
2025 'Comeback': At the beginning of the year, Liangxi announced in a high-profile manner his 'transformation from gambling', claiming he would focus on low-leverage and spot trading strategies, but community monitoring has shown that he has recently frequently participated in high-volatility MEME coin contract trading.
2. The market logic behind the crash: Why does the Liangxi-style tragedy repeat?
Chain reaction of liquidations in the market:
On February 3, Bitcoin plummeted 3.63% in one day, with over 420,000 people liquidated for more than $1 billion across the network, and Liangxi is suspected to have heavily bet on the long side during this round of market activity.
Out-of-control leverage: According to KOL 'Coin Circle Manager Tong', Liangxi is accustomed to using leverage of over 50 times; once the price fluctuates more than 2%, it faces the risk of forced liquidation, and this time Bitcoin breaking the key support level of $95,000 directly triggered the liquidation of his positions.
Market manipulation tactics:
The community has reported that some funds have used the 'Liangxi IP' to create traffic traps, attracting retail investors by pumping 'Liangxi concept coins' (such as LIANG, XIBEI) and then completing the harvest in conjunction with the crash.
3. KOL perspectives clash: Can Liangxi survive?
Supporters: They claim that Liangxi holds a private domain traffic of millions, and if he transforms into knowledge payment or product sales, he may still earn tens of millions a year through 'selling courses + business cooperation', citing rumors of his recent endorsement with a certain exchange.
Skeptics: They point out through on-chain data that Liangxi's associated addresses have still frequently engaged in high-leverage trading in the past week, suggesting that the so-called 'transformation' may be a setup for a new round of harvesting, and several wallets under his name are suspected of having financial ties with 'Dog projects'.$BTC $ETH #加密市场回调 #山寨季何时到来？
