I just saw Liang Xi's follow-up position get liquidated again. This guy is truly one of the most legendary and surreal figures in the crypto world.

To tell Liang Xi's story, we have to start with the crazy 519 incident in 2021. At that time, he was just in his early 20s, using 1,000 yuan from his dad's bank card to short Bitcoin with 100x leverage. Within a month, his assets skyrocketed to tens of millions, reportedly peaking over 40 million. He slept less than 5 hours a night, made over 1,400 trades a week—about 8 per hour on average. Relying on ultra-high frequency trading and sharp market instincts, he transformed from a small-town youth into a crypto celebrity.

During that period, Liang Xi posted luxury cars, watches, trading screenshots, and even his bank card balance online. He claimed to be worth over a billion at 19, which drew widespread attention. But that was also the beginning of a turning point in his life.

In the second half of 2021, Bitcoin rebounded, and Liang Xi misjudged the market, leading to consecutive liquidations. He didn’t learn his lesson and continued to play with high leverage, trying to "make a comeback," but kept failing. His phrase "Give me 1,000 yuan again, and I can turn it around" became a joke among netizens, who started calling him the "Zeroing Master." By 2022, he was completely wiped out, losing over 50 million and owing 200 million.

During this period, Liang Xi’s mental health also deteriorated. He was repeatedly sent to psychiatric hospitals and posted on Twitter hinting that he was "locked up." In 2023, there were even rumors that he attempted suicide by drinking pesticide due to debt pressure—though not fully confirmed. His tweets saying "Living is pointless" and "Want to reset everything," combined with reports that he was rushed to the hospital for rescue, make this story quite credible.

In 2024, Liang Xi lived a very abstract life, often relying on charity to get by, even lacking pocket money. But a miracle happened in 2025. When the crypto market declined again, Liang Xi made a comeback. Still starting with just a thousand yuan, he managed to pay off 200 million in debt right in front of everyone.

Honestly, Liang Xi’s second comeback is no easy feat. From a genius trader to zeroed out, then rising again—this story is incredibly surreal. Now, some people in the community who are owed by Liang Xi might even rush to buy his debt next time. No matter what he does next, this experience is already enough to be written into the legend of the crypto world.