Liangxi's Collapse: A Collective Harvest of Contrarian Believers

Many people fail to realize that Liangxi's collapse was not just a personal liquidation, but a collective harvesting targeting the "short-believers".

The most ironic part of this market cycle is that Bitcoin soared from $60,000 to $100,000, during which a large number of people "firmly believed" that this was a false breakout and that a correction would come sooner or later. They were not just guessing; they were "strongly believing". They believed that the positive news was fully priced in, that institutions would crash the market, and that a bull market shouldn't be this crazy.

Liangxi was the "totem of faith" among this group. He was not the leading attacker of the shorts but the leading bearer of the positions. His fans, his partners, and his followers formed a contrarian short belief community behind him.

Therefore, this liquidation was not an isolated incident but a structural collapse: a group trapped by their own understanding, getting deeper into positions, ultimately meeting a unified "ascension".

When Bitcoin reached $107,000, Liangxi and a group of people were all liquidated. This is not market malice but the essence of the market — the more you "think it's wrong", the more it will drive you to bankruptcy.

This is not the first time, nor will it be the last. Throughout the history of the crypto world, every bull market has seen similar "contrarian faith cults" being shattered. The only difference this time is that the protagonist has changed to Liangxi.

You can empathize with his collapse, but you should be more vigilant of your own blind faith. Because when the next collective harvesting arrives, you might just be the one carrying the position to death, still thinking you are very clear-headed.