How Andrew Tate Lost $794,000 Trading Bitcoin on Hyperliquid

TLDR

• Andrew Tate lost $794,000 trading bitcoin on Hyperliquid exchange after 84 liquidations with a 35.53% win rate
• His largest single loss was $235,000 on November 14 from a bitcoin long position with 40x leverage
• The liquidations happened during a market crash that saw $2 billion wiped out and nearly 400,000 traders liquidated
• Tate deposited $727,000 and earned $75,000 in referral rewards but lost everything without making any withdrawals
• After his losses, Tate promoted zero-knowledge proof privacy solutions instead of addressing his failed trades

Controversial influencer Andrew Tate lost nearly $800,000 trading cryptocurrency on the Hyperliquid decentralized exchange. His account was completely liquidated after multiple leveraged bitcoin bets failed.

Tate deposited $727,000 to Hyperliquid and earned an additional $75,000 in referral rewards from his Hustlers University program. He lost all of it without making a single withdrawal. His trading win rate was only 35.53%.

The influencer suffered 84 liquidations on the platform over the past year. His largest single loss occurred on November 14 when he lost $235,000 on a bitcoin long position using 40x leverage.

His final liquidation happened on November 21. He opened a long position on bitcoin that was wiped out within an hour. Data from blockchain analytics firm Lookonchain showed Tate was repeatedly “buying the dip” and betting on price rebounds.

His losses coincided with a broader market crash. Bitcoin dropped to around $80,500 on November 21. Nearly 400,000 traders were liquidated that day across the crypto market.

Trading Strategy Backfires

The market downturn wiped out approximately $2 billion in leveraged positions. Tate’s recent trades showed back-to-back losses from trying to time the bitcoin bottom. He opened several leveraged long positions minutes apart with values ranging from $20,000 to $200,000.

Bitcoin has since recovered some losses and was trading around $86,000 on November 24. Tate’s account became public in June after he accidentally revealed it while discussing an Ethereum position. At that time, his account was already down $600,000.

Pivot to Privacy Tech

After his trading losses became public, Tate shifted focus to promoting privacy technology. He posted a video on X discussing zero-knowledge proof solutions instead of addressing his liquidated account.

Tate argued that zero-knowledge privacy solutions allow crypto users to transact without government monitoring. He faces ongoing trafficking and rape charges alongside his brother Tristan.

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