Andrew Tate is risking it again: the 108th liquidation on the horizon after opening a new Bitcoin long with 40x leverage.
Known for his scandalous reputation and a string of unsuccessful trades, Andrew Tate (Cobratate) has once again drawn the attention of the crypto community. Despite 107 forced liquidations in the past, he decided to take a risk and opened a new long contract on Bitcoin with 40x leverage. Analysts from Lookonchain were the first to record this activity.
According to on-chain data, Tate entered a long position of 57.36 BTC, equivalent to $3.76 million at the time of opening. The entry price was $66,045.30, and the liquidation level was set at $65,215.87. Such aggressive leverage leaves minimal margin for error: a price movement against the position of just 2.5% results in a total loss of collateral.
The situation quickly deteriorated. Bitcoin continued to decline, and Tate's position came under serious pressure. The long volume decreased from 57.36 to 36.71 BTC, and the position value fell to $2.39 million. The trader likely partially closed the contract in an attempt to salvage capital. However, the unrealized loss grew to -$37,821.88, with accumulated funding at -$665.46.
Key point: the liquidation price shifted to $64,824.24, meaning less than 0.3% remained before forced closure. The spot balance halved from $87,238.02 to $36,784.28, and the margin ratio skyrocketed from 53.97% to 81.18%, indicating critically high risk.
History repeats itself: 107 previous liquidations clearly demonstrate that entries with extreme leverage for Tate regularly end in collapse. This long is no exception, but rather another episode in his risky strategy.
My analysis: Such actions are a classic example of how emotions and the desire to "win back" override rational risk management. 40x leverage in the current volatile environment is not trading, but gambling. The market does not forgive such mistakes, and the 108th liquidation for Tate, it seems, is only a matter of time.