Andrew Tate, the controversial social media figure, incurred eight forced liquidations on the Hyperliquid exchange within a 16-hour period. These recent losses have diminished his tracked account balance to approximately $14,200. This follows a previous string of unsuccessful leveraged trades in November that cost him nearly $800,000.
Data from Lookonchain indicates that Tate’s latest financial setbacks originated from a series of leveraged Bitcoin futures positions. These positions were repeatedly caught on the unfavorable side of market movements. Transaction records show multiple liquidations linked to BTC-USD contracts occurring over a short timeframe.
Within a 24-hour span, Tate experienced eight liquidations after depositing roughly $100,000 USDC. He initiated a substantial $3.8 million (57 BTC) long position with 40x leverage. This position was subsequently liquidated as Bitcoin’s price declined. Tate then shifted to a $1 million short position, which represented the largest single liquidation, showing a notional value of -11.47 BTC, equivalent to $748,000 exposure at a Bitcoin price of $65,208.
When the price of Bitcoin reversed, the exchange automatically closed his short position. This action consumed his allocated collateral, leaving only about $14,219 in the account monitored by Lookonchain. This marks a significant reduction from the capital Tate had previously deployed in his speculative cryptocurrency trading activities.
These recent liquidations occur months after Tate’s earlier trading losses gained public attention. Blockchain analytics platforms had previously reported that Tate accumulated close to $800,000 in trading losses. These losses stemmed from a series of high-risk Bitcoin perpetual futures positions.
Arkham Intelligence reported that Tate had depleted more than $727,000 deposited into his Hyperliquid trading account without making any withdrawals. The firm stated that both his trading capital and referral rewards earned through the platform were ultimately lost.
Tate’s latest financial setbacks coincide with ongoing pressure on Bitcoin’s price. Analysts remain divided on whether the cryptocurrency market has established a stable bottom. At the time of reporting, Bitcoin was trading at $64,127.
CCN analysts observed that spot Bitcoin ETF outflows have eased in recent weeks. Additionally, the Coinbase premium, which serves as an indicator of U.S. institutional demand, has recovered from previous negative levels. The market continues to watch for signs of sustained recovery or further price adjustments.