Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
💥Crypto world blockbuster! The "Contract War God" Liangxi has dropped to zero again! The truth is shocking!
In April, a farce unfolded in the crypto world: Liangxi, the "Contract God of War," had just turned 2000 U into 20 million USD in February, but not long after, he faced a loss of nearly 10 million USD due to reckless high-leverage operations. Self-deprecatingly stating that "even begging is laughed at," he had just announced to "clear 200 million in debt," yet he was left in a pitiful state by the market.
Meanwhile, Bitcoin broke through 90,000, and Ethereum surged to $1,626, with technical analysts celebrating the "bull market restart." However, Liangxi's account turned into an endless black hole of losses in high-frequency trading, forming a stark contrast.
Liangxi publicly announced that he has paid off his debts, but the truth is that he is using new liquidations to cover old debts. Each time he tries to turn things around by "gambling a bit," but this time even a 50x short position was violently defeated by the market rebound, and in just 48 hours, a profit of 12.5 million vanished.
Liangxi's fate of dropping to zero seems to have been predetermined. In 2021, he turned 1000 yuan into 40 million, but later faced liquidation and debts of 200 million. Although he attracted traffic with each "crazy" action, the market's dominance has changed, and Liangxi's "market sense trading method" can no longer compete with the manipulation of the big players.
Nowadays, the market is gradually becoming cold under the dominance of institutions, and the "myth" of Liangxi is just one of the tragedies of the widespread liquidations across the network.