Andrew Tate (@Cobratate) was reportedly liquidated eight times within a 20-hour window as $BTC volatility tore through leveraged positions on the derivatives platform Hyperliquid, according t
Andrew Tate (@Cobratate) was reportedly liquidated eight times within a 20-hour window as $BTC volatility tore through leveraged positions on the derivatives platform Hyperliquid, according to on-chain analytics firm Lookonchain.
Tate first entered a Bitcoin long position, which was quickly closed against him. He then switched direction and opened a short, only to be liquidated again as the market moved the other way. By the end of the session, his short positions in around 28 Bitcoin were liquidated as losses exceeded the collateral backing the trade, and he subsequently closed his remaining long position of 29 BTC worth $1.90 million. The account was left holding just $14,219.
The episode is far from an isolated incident. Tate had reportedly been liquidated for the 108th time after a 40x Bitcoin long on Hyperliquid moved against him.Lookonchain and Arkham Intelligence have tracked the same wallet since at least June 2025, logging dozens of high-leverage longs, mostly 25x to 40x on Bitcoin and Ether.His reported win rate on the platform sits at around 35.53%.
At 40x leverage, one dollar of margin controls forty dollars of exposure, meaning a margin of roughly $94,000 backed a $3.76 million trade. That structure leaves almost no buffer when prices move even modestly against the position. A 40x long gives a trader large exposure with a smaller margin, leaving little room for price moves against the position before forced liquidation begins. In this case, a small Bitcoin decline was enough to move the trade into danger.
Tate is not alone in feeling the pressure. Bitcoin has traded in a volatile range in recent weeks, punishing leveraged traders broadly. A wider market downturn triggered $1.7 billion worth of futures positions being forcibly closed, with $750 million attributable to Bitcoin alone.It was a liquidation cascade, a mechanical event where forced selling triggers more forced selling in a self-reinforcing loop.
The latest Bitcoin trade does not show a full wipeout, but it does confirm that Tate remains active in high-leverage crypto trading despite repeated liquidations. For observers, the episode serves as a textbook illustration of the risks inherent in trading perpetual futures with extreme leverage.
Sources:crypto.news: Andrew Tate faces another liquidation on $3.76M BTC longTheStreet Crypto: Andrew Tate gets liquidated againCoinDesk: Crypto's worst two-day liquidation in months deepens
