A Hyperliquid wallet tied to Tate saw losses of $86,000 after liquidations on 40x-leveraged Bitcoin positions.
A Hyperliquid wallet linked to Andrew Tate incurred nearly $86,000 in losses after two failed Bitcoin trades between Wednesday and Thursday. The account opened a 57.36 BTC long position at $66,000, backed by $100,000 in USDC with 40x leverage, before liquidating as BTC fell to the mid-$64,000 range.
The wallet’s balance dropped from $100,000 to $14,000 in a single day, with cumulative realized losses of $68,600 on the long trade. A subsequent 14.33 BTC short position at $64,817 also faced liquidations as Bitcoin rebounded, wiping out the remaining deposit.
The wallet has recorded all-time perpetuals losses of $804,000 on Hyperliquid, according to on-chain data. The trades highlight the risks of high-leverage crypto derivatives trading.