Key Takeaways
- Andrew Tate was liquidated eight times in 16 hours.
- The latest losses leave Tate with roughly $14,200 in his account.
- Bitcoin remains under pressure despite signs of institutional accumulation.
Controversial social media giant Andrew Tate has suffered a string of forced liquidations on Hyperliquid over the past 16 hours.
It comes after the self-proclaimed “Top G” lost almost $800,000 back in November from a similar string of poorly timed bets.
Andrew Tate’s Multiple Bitcoin Liquidations
According to data from Lookonchain, Tate’s latest losses stemmed from a series of leveraged Bitcoin futures positions that were repeatedly caught on the wrong side of market moves.
Transaction records show several liquidations tied to BTC-USD contracts within a relatively short timeframe.
In a 24-hour span, the influencer suffered eight liquidations after depositing roughly $100,000 USDC.
He opened a massive $3.8 million (57 BTC) long at 40x leverage, which was chopped up as Bitcoin dipped.
Tate then flipped to a $1 million short, the largest single liquidation showing -11.47 BTC notional ($748,000 exposure at $65,208).
When the price reversed, the exchange auto-closed it, burning through his allocated collateral.
The latest losses leave only about $14,219 in the account tracked by Lookonchain. A sharp decline from the capital previously deployed in Tate’s speculative crypto trading activity.
Andrew Tate’s $800,000 Bitcoin Trading Losses
The recent liquidations come months after Tate made headlines for a string of unsuccessful leveraged trades that cost him hundreds of thousands of dollars.
Blockchain analytics platforms previously reported that Tate accumulated close to $800,000 in trading losses through a series of high-risk Bitcoin perpetual futures positions.
Arkham Intelligence reported that Tate had exhausted more than $727,000 deposited into his Hyperliquid trading account without recording a withdrawal.
The firm said both his trading capital and referral rewards earned through the platform were ultimately lost.
Bitcoin Faces Ongoing Pressure
Tate’s latest losses come as Bitcoin continues to fall, with analysts divided on whether the market has established a durable bottom.
At the time of reporting, Bitcoin’s price was trading at $64,127.
CCN analysts noted that spot Bitcoin ETF outflows have eased in recent weeks, while the Coinbase premium — a closely watched gauge of U.S. institutional demand — has recovered from previously negative levels.
It comes as Wintermute recently cautioned that improving sentiment should not be mistaken for a full recovery.
While Bitcoin has bounced back from recent lows and risk appetite has shown signs of stabilizing, the firm said further declines remain possible.
“That’s not the same as the bottom being in,” the firm wrote.
Adding: “It’s not ruled out that we trade into the 50s before any of this improves.”
Kurt Robson is a London-based reporter at CCN, specialising in the fast-moving worlds of crypto and emerging technology. He began his career covering local news in Cornwall after graduating from Falmouth University with First Class Honours in Journalism. There, he cut his teeth on everything from council meetings to missing swans.
He quickly rose through the ranks to become a frontline journalist at several of the UK’s leading national newspapers. Over the years, he has interviewed musicians and celebrities, reported from courtrooms and crime scenes, and secured multiple front-page exclusives.
Following the upheaval of the COVID-19 pandemic, Kurt shifted his focus to technology journalism—just ahead of the AI boom. With a natural curiosity and a trained eye for emerging trends, he has found a new rhythm in reporting on innovation.
At CCN, Kurt's work focuses on the cutting edge of crypto, blockchain, AI, and the evolving digital world. Drawing on his background in people-first reporting and his deep interest in disruptive tech, Kurt delivers stories that are insightful, entertaining, and human-centric.
