Andrew Tate loses nearly $86,000 longing and shorting Bitcoin
Cointelegraph 2026-06-19 15:05:10
Context: Andrew Tate, founder of the Real World, a company that sells online education courses on trading, incurred significant losses while trading Bitcoin, with his Hyperliquid wallet showing over $803,800 in all-time perpetual futures losses. The losses occurred due to repeated crypto liquidations, including a recent incident where he lost nearly $86,000 longing and shorting Bitcoin between June 18 and 19. Tate's trading issues on Hyperliquid began in early 2025.
Key Facts
- Andrew Tate's Hyperliquid wallet shows over $803,800 in all-time perpetual futures losses, with a recent loss of nearly $86,000 occurring between June 18 and 19, 2026.
- On Wednesday, June 18, Tate opened a 57.36 BTC long position with an entry price near $66,000, worth about $3.79 million, backed by roughly $100,000 in USDC, implying leverage of around 40x.
- The long position began unwinding on Thursday as Bitcoin fell toward the mid-$64,000 area, ultimately recording about $68,600 in cumulative realized losses, and the wallet then switched direction, opening a 14.33 BTC short position worth about $1 million at $64,817.
- Tate's account balance fell to around $14,000 by June 18, losing almost the entire deposit, and his crypto trading issues on Hyperliquid began in early 2025, with a 40x BTC long position liquidated for $235,000 on November 14, 2025.
- In another instance, Tate lost around $67,500 on World Liberty Financial (WLFI) positions ahead of a token unlock that triggered a sharp drop in September 2025, and he re-entered the same trade almost immediately, losing again.