Andrew Tate Drops $86K Trading Bitcoin Both Ways on Hyperliquid
Andrew Tate's Hyperliquid wallet reveals nearly $86,000 in Bitcoin losses from leveraged long and short trades, with total perps losses topping $803,800.
If there's one thing Andrew Tate's crypto trading career has proven, it's that losing money on Bitcoin is equally achievable whether prices go up or down. On-chain data from Tate's Hyperliquid wallet shows he dropped close to $86,000 attempting to play both sides of the Bitcoin market — going long (betting prices rise) and short (betting they fall) — and getting burned either way.
For those unfamiliar with the mechanics, perpetual futures — or "perps" — are a type of derivative contract popular in crypto that lets traders speculate on price moves with leverage, meaning you can control a position much larger than your actual cash. The upside is amplified gains. The downside, as Tate's wallet painfully illustrates, is amplified losses that can wipe you out fast through a process called liquidation, where your position is automatically closed when losses hit a certain threshold.
Read more Advanced Medical Solutions Group Draws New Form 8.3 Filing →
Zoom out and the picture gets even grimmer. Tate's all-time losses on perpetual contracts across Hyperliquid reportedly exceed $803,800 — a figure that climbs well past the Bitcoin-specific blunder. The wallet data also points to repeated liquidations tied to WLFI, a crypto project associated with the Trump family's World Liberty Financial initiative, suggesting his rough patch isn't isolated to one bad trade.
What makes this story more than just celebrity schadenfreude is the broader reminder it offers everyday traders: leverage is a double-edged sword that doesn't care how confident you sound online. Professional traders with sophisticated risk management tools regularly get caught on the wrong side of volatile crypto markets — and influencer bravado is not a hedging strategy. If someone with Tate's resources is racking up six-figure losses, it's worth asking whether retail traders should be playing the same game with their rent money.
Continue reading at Cointelegraph.
