Andrew Tate’s controversy continued to impact Bitcoin trading when another of his leveraged positions was liquidated on Friday. Tate opened a new long position but was liquidated less than an hour later.
The flop adds to a growing series of losses that has now seen 84 liquidations on the Hyperliquid exchange.
According to LookonChain, Tate opened a long BTC position at $87,305 before being forced to close at $86,201, resulting in a loss of $520 on top of $15.53 in trading fees.
While the recent trade size was modest, the liquidation comes after weeks of Tate facing more frequent liquidations on larger stakes.
Blockchain analytics platform Arkham reports that Tate’s total losses on Hyperliquid now exceed $727,000, with no withdrawals recorded.
Tate also received $75,000 in referral rewards from traders who used his link, all of which were reportedly lost in the trades.
Tate often opens highly leveraged futures positions, usually without explicit hedging. Some trades involve long positions valued at over $150,000.
The decline in Bitcoin prices has also contributed to Tate’s repeated liquidations. On Friday, Bitcoin prices fell to $80,706, the lowest since April 21, more than 35% below its all-time high.
According to Valdrin Tahiri, an analyst at CCN, the latest weekly close below the 50-week moving average marks a historic breakdown that typically precedes every major Bitcoin bear market.
