Yesterday, Liangxi's operations were truly eye-opening. He shorted BTC and ETH all the way, turning 2000 USD directly into 2 million USD; this comeback was beautifully executed! Reflecting on Liangxi's experiences in the crypto world, it has indeed been a roller coaster, like a living legend. Born in 2002, he came from an ordinary family without any significant background, yet he managed to carve out a space for himself with sheer passion and boldness. In the beginning, he entered the market with 1000 yuan, and within a month, he turned it into 20 million, achieving a staggering 20,000 times return on investment, with total assets exceeding 40 million at his peak. Such an exaggerated achievement directly made him the 'contract god' of the crypto world, and countless people regarded him as a legend.
In 2020, he used 1000 yuan as capital to turn it into 30 million in high-leverage contracts. In May 2021, he started with tens of thousands and made over 30 million in less than a month. These stories sound thrilling, but behind them lies his extremely high-frequency trading and extreme operational techniques—trading thousands of times a week, with leverage of 60 times or even higher, seizing just one vertical short market to strike it rich. However, this kind of play is like walking a tightrope; a slight pullback can lead to liquidation. The fact is, Liangxi's brilliance often came with enormous risks. He was generous when he made money, having donated 1 million to charity and 500,000 to impoverished children via Alipay, showcasing a sincere heart.
However, the good times did not last long. In 2022, due to family conflicts, the funds he entrusted to his father went awry, and he broke down mentally, even being sent to a psychiatric hospital. After that, he fell from grace as a top influencer, burdened with debt, with rumors stating he owed as much as 200 million. From sudden wealth to being heavily in debt, Liangxi's story is indeed poignant. Some say he was lucky to catch the drop on May 19, while others claim he was just a highly leveraged gambler, undeserving of his position. Yet, it is undeniable that his daring and adventurous spirit once ignited the dreams of countless people.
This time, shorting earned him 2 million USD, which for Liangxi is just a starting point. Given his previous debt scale, this amount is still far from enough to fill the hole, as he might still owe around 180 million. But that's how the crypto world works; as long as you seize the opportunity, anything is possible. If there are a few more big market movements this year, and he continues this strategy, he might just be able to turn things around and pay off his debts. Yesterday's 2 million USD was like a ray of light, reminding people of the familiar Liangxi.
