Introduction: Betting Against Fate from Electric Shocks to Liquidations
On February 24, 2025, Bitcoin plummeted to $86,000, with 400,000 people liquidated across the network. As countless investors sold in despair, a pale young man was frantically typing on the keyboard in a rental house in a village in Jinan, Shandong. On his screen, the K-line chart of ETH flickered, and a 50x leveraged short position surged in value during the crash, with his account balance soaring from $2,000 to $5 million. This 23-year-old young man is the legendary figure of the crypto world—Liang Xi, who has experienced three resets to zero and three comebacks in four years.
His story begins with electric shock treatment at an internet addiction school, goes through the path of god-slaying during the 519 crash, struggles with K-line hallucinations in a psychiatric hospital, and finally makes a comeback in 2025. His life resembles a high-leverage horror film, where every position opened is a punch thrown at fate, even knowing he will ultimately be bitten back by the market; he still dances the craziest trajectory on the wire.
1. The Blood-Soaked Coming-of-Age Ceremony of a Young Genius
Ten years ago, Liang Xi (real name Geng Zhiyu) was a national first-class swimmer, consistently ranking in the top three in national competitions; at 15, he topped the national server leaderboards as a Liu Bei player in Honor of Kings and was poached by an esports club for a high salary. However, a slap from his father shattered all glory. The label of a "youth with internet addiction" led him to be sent to an internet addiction school, where the smell of burnt flesh from the electric shocks piercing his temples became the most profound memory of his adolescence. "They chained me to a cement pillar, saying it was for my own good." Years later, in a live stream, Liang Xi rolled up his sleeves to reveal his hideous scars, "But it was this kind of training that allowed me to endure the heartbeat of 100x leverage."
In the winter of 2019, 17-year-old Liang Xi curled up on the cement floor of the internet addiction school’s isolation room. Electrode patches pressed tightly against his temples, and at the moment the instructor pressed the remote, the current gnawed at his nerves like a snake, the warm sensation of incontinence mixed with the smell of disinfectant became his earliest and most profound memory of "rehabilitation." His father would visit weekly, always whipping his exposed back with a belt: "Raising you is worse than raising a dog." This boy, who once swam like a flying fish in the pool, filled the electric shock treatment record with leverage formulas—he discovered that the pain threshold brought by the current was astonishingly similar to the heart rate during a 100x leverage liquidation.
2. The 519 Crash: The Path of a 19-Year-Old God Slayer
On May 19, 2021, Bitcoin plummeted 33% in a single day, known as the "519 Incident." The 19-year-old Liang Xi, with an account opened using his father's ID, had 1,000 yuan in principal that rolled over madly under 100x leverage. He used a "blind firing method"—opening a position every 5 minutes, aggressively increasing his position when he guessed the direction correctly, averaging 1,454 trades per week, which is equivalent to 8.65 times per hour. This near-suicidal operation, however, rolled out 40 million assets within a month. While other traders wailed in liquidation, he laughed in the live stream holding up a Lamborghini key: "The crypto world is a casino, and I am the dealer's own father!"
After becoming wealthy, Liang Xi began performing: transferring 400,000 to cancer patients while owing 8 million in margin to the exchange; throwing 50,000 yuan red envelopes on Twitter, then turning around to curse his debtors in the fan group. This split personality peaked in October 2021—he posted a photo of a "21cm genitalia" on Weibo, claiming "to combat trading pressure with physiological regulation," while simultaneously borrowing $50,000 from Sun Yuchen, losing it all within three days.
3. The Return to Zero Master: The Fall from 40 Million to a Debt of 200 Million
In November 2021, Bitcoin rebounded to $68,000. Liang Xi went against the trend and held positions, resisting the market with 60x leverage, causing his account balance to drop from 40 million to zero in just 17 days. More critically, he had used 12 million in principal from the "Liang Family Army" fans to buy NFT avatars and luxury goods. When creditors blocked his door in his hometown of Jinan, Liang Xi was live streaming in a hotel in Sanya, drinking pesticide to commit suicide, and during the gastric lavage, he smiled at the camera: "Look, this is the survival rule of the crypto world."
By 2022, he had accumulated losses exceeding 50 million, with debts reaching 200 million. The psychiatric hospital's diagnosis showed: split personality, severe depression. But even on the electric shock treatment bed, he still logged into his trading account on his phone, shorting ETH right under the nurse's watch. "I am not trading; I am gambling against fate." He wrote this sentence in his medical record, then was forcibly restrained.
4. The 2025 Comeback: The Art of Mortally Sniping ETH
After four years of silence, Liang Xi launched a fatal blow on February 2025. He precisely captured the wide fluctuations of ETH, employing a "long and short dual harvesting" strategy: opening a 50x short position when the price fell below $1,800 and going long when it rebounded to $2,000, maximizing profits from every fluctuation. The most thrilling moment was during the crash on February 24, where he switched from short to long at the lowest point, making a profit of $300,000 in a single trade. On-chain data showed that his wallet address interacted over 500 times within 24 hours, with trading speeds comparable to that of an AI robot.
"This time is different; I used a dynamic stop-loss system." He showcased his trading interface on Twitter, "When the market shows a false breakout, I can cancel my order within 0.5 seconds." This technological innovation allowed him to achieve 17 cases of tens of millions in capital fluctuations in March, with the most exaggerated case going from a loss of 6 million to a profit of 12 million in just 7 hours. On April 9, he shared a screenshot of a single-day profit of 25.04 million RMB, captioned "Liang Family members stand up," but 24 hours later, he gave back half of his profits due to a bullish candle. This roller coaster-like operation instead skyrocketed the popularity of his live stream to 119,000.
5. Abstract Life: The Ultimate Experiment of the Traffic Laboratory
Liang Xi's social media is akin to a performance art exhibition: flaunting Lamborghini orders when rich, selling used shoes to pay debts when in the red; claiming "taking cross-gender drugs to cut off sexual desire," yet physically fighting with his girlfriend during a live stream. In April 2025, he trended for falsely accusing Binance founder CZ of "harvesting leeks for the Federal Reserve," to which CZ responded, "ridiculously extreme," yet this caused his Twitter followers to increase by 200,000.
The most dramatic moment was during the live broadcast on April 15: he had just thrown out five red envelopes of 10,000 yuan when a knock on the door suddenly came from off-camera. Amidst the violent shaking of the camera, he coughed and said, "Cooperate with the investigation," and the live stream went dark instantly. A leaked video later showed him shouting while handcuffed: "I still have 20 million USDT in my account; why are you arresting me!" This cycle of "being taken away—clearing his name—making a comeback" made his life more absurd than any script.
6. The Gambler's Ultimate Philosophy: My Life is Determined by Me, Not by Heaven
In Liang Xi's live stream, the most common bullet screen is "Master, take me flying." His response is always the same: "Contracts are not investments; they are life-threatening. " This young man, who once received electroconvulsive therapy in a psychiatric hospital, condensed his life into a set of "Liang's Trading Laws":
1. Risk Hedging: Holding long and short positions simultaneously to profit from volatility
2. Emotional Management: Must take anti-anxiety medication every hour of trading
3. Monetizing Traffic: Maintaining Heat with Controversial Topics, Then Using Heat to Reinvest in Trading
"I am not trading; I am betting against fate." He said in his first in-depth interview after the comeback in 2025, "From the electric shocks at the internet addiction school to the liquidations in the crypto world, I have long been immune to everything." When asked if he feared returning to zero, he lit a cigarette: "Returning to zero is not scary; what’s scary is that you’ve never gambled before."
7. The Electric Shock Brand of the Internet Addiction School: A Soul Torn and Reborn in Leverage
In the summer of 2020, Liang Xi stole his father's ID to open an account at the exchange, and his first trade was shorting BTC using 50 yuan saved from breakfast. When the account showed a profit of 300 yuan, he hid behind the dormitory curtain and cried tears of joy—this was the first time he made money through his own "rebellion." Over the next three months, he completed 2,000 trades with his phone during class, filling his textbooks with K-line formulas, until the class teacher confiscated his phone and discovered his account balance had reached 120,000 yuan.
8. The Live Broadcast Incident of Cursing with His Father: The Family Meat Grinder Behind Millions in Assets
The live broadcast in October 2021 became the most absurd family drama in the history of the cryptocurrency world. Liang Xi showcased a screenshot of 40 million assets in the live stream, and suddenly, his father barged into the frame, grabbed a broom, and smashed it against the computer: "You beast! That was your grandfather's life-saving money!" Amidst the violent shaking of the camera, Liang Xi grabbed the keyboard and hit his father: "Old man! Didn’t you feel bad when you sent me for electric shock treatment back then?" This 12-minute mutual beating video was viewed over 200 million times online, and the comment section split into two factions: some scolded him for being unfilial, while more people cheered, "Liang Family Army protects its master."
The leaked recordings revealed that his father had secretly transferred 8 million from his trading account. "He said he was afraid I'd spend it recklessly, but he actually used it to buy a house for his mistress." Liang Xi posted intimate photos of his father and his mistress on Twitter, "This world has never been about right or wrong, only the long and short of leverage." This family feud caused his follower count to skyrocket by 500,000, but it also led to his complete downfall as a "flow-outcast"—when he sought help from Sun Yuchen, the latter only replied: "You know better than I do how to harvest traffic."
9. K-Line Hallucinations in the Psychiatric Hospital: Calculating Fibonacci Sequences During Electroshock
In March 2022, Liang Xi was sent to the psychiatric hospital for the seventh time. On the restraint bed, he stared at the patterns on the ceiling, hallucinating them into a BTC K-line chart: "Look, that double top pattern is about to crash!" When the nurse injected him with sedatives, he suddenly broke free from the restraints and scratched the Fibonacci sequence on the wall with his nails: "0.618 retracement level, must rebound!" The attending physician noted in the medical record: "The patient confuses trading behavior with survival instinct, resulting in pathological gambling syndrome."
The most bizarre thing is that during electroconvulsive therapy, he even completed trades on the treatment bed. After one treatment, a nurse found him secretly biting his phone with his teeth and clicking the screen with his tongue to open a short position. "When the current passes through my brain, I can see things more clearly." He said in an interview after being discharged, "Those doctors don't understand; leverage trading is an anti-human electric shock therapy."
10. Redemption and Curse of 2025: When the Gambler Becomes His Own Dealer
On March 15, 2025, Liang Xi launched a "Precise Poverty Alleviation" plan on Twitter, transferring $1,000 to each of 1,000 fan accounts. "This time it's not flaunting wealth; it's atonement." He rarely took off his sunglasses during the live stream, his eye sockets sunken like carved knives, "I cheated the 'Liang Family Army' out of their money, and now I'm returning it tenfold." But the blockchain explorer showed that these funds came from dividends of an anonymous casino—he had already become the "invited gambling god" of several high-leverage platforms, earning commissions by guiding fans in trading.
On April 20, Bitcoin broke through $100,000, and Liang Xi's account once again returned to zero. But this time he didn't collapse; instead, he began doing the robot dance in the live stream: "Returning to zero is the adult rite of passage in the crypto world; look—" he showcased his newly registered account with a balance of 0.001 BTC, "This is the strongest weapon of a gambler: always maintain the courage to bet again." As the bullet screen filled with terms like "madman" and "fraud," he suddenly leaned close to the camera, the blue light of the K-line dancing in his pupils: "You fear returning to zero, but I have already died countless times in electric shocks and liquidations."
Epilogue: When Leverage Becomes Breathing—A Gambler's Self-Coronation
In Liang Xi's rental house, the walls are plastered with suicide rate statistics from various countries and a comparison table of leverage multipliers. He invented the "Liang-style Survival Rule": sleep only 3 hours a day, complete 10 trades per hour, use ice water to compress his eyeballs to maintain pupil contraction, and rely on antidepressants to maintain "absolute rationality" during trading. When reporters asked if he had ever thought about a normal life, he pointed to the countless lights outside the window: "Aren't those who burn out in the 996 crazy? At least I am fighting fate head-on."
On April 25, 2025, a screenshot circulated in the crypto world: Liang Xi's wallet address received 12,000 BTC, with the source marked as "some Middle Eastern oil capital dark pool." No one knows how many times this is his "comeback," but everyone is clear—this gambler who emerged from the internet addiction school has long integrated leverage into his bones. He is not trading digital assets but trading his own life; every position opened is a punch thrown at fate, and even knowing he will ultimately be bitten back by the market, he still dances the craziest trajectory on the wire of leverage.
As night fell, Liang Xi's computer screen reflected his pale face, the candlestick chart flickering in his pupils. He typed a line: "Fate has given me two electric shocks: one at the internet addiction school, and the other during a liquidation in the crypto world. But now, I am my own leverage; I am raising my own interest rates." Then he clicked the mouse, and a 100x leveraged long position was already posted, waiting for the next storm to arrive.
Revelation:
Liang Xi's story is not a legend but a living experiment on the weaknesses of human nature. He proved in an extreme way that when a person is driven by despair and unwillingness, and when leverage becomes the only weapon against the world, the gears of fate begin to turn wildly. His "My life is determined by me, not by heaven" is both the epitaph of a gambler and a warning bell of the times—In this leveraged world, each of us is, to some extent, "opening positions"; the only difference is whether you are trading your future or overdrawing your soul.
Final Statement:
The content of this article is purely fictional, and all characters, events, and plots are artistically processed and bear no relation to any individual, institution, or event in reality, nor do they constitute reflections or evaluations of real people. The investment behaviors mentioned in the text are purely literary expressions and do not represent any investment advice or guidance. Readers should comply with laws and regulations, treat financial investments rationally, and assume all consequences arising from misunderstanding or imitating the content in the text.
