Andrew Tate Opens 40x Leveraged Long on 57.36 BTC Worth $3.79M on June 16

According to Lookonchain, on-chain analysis platform, Andrew Tate opened a 40-times-leveraged long position on 57.36 Bitcoin worth $3.79 million on June 16. As Bitcoin's price dropped, his short positions in around 28 BTC worth $1.82 million got liquidated. He then closed his remaining long position of 29 BTC worth $1.90 million while increasing his margin with a $72.11 deposit, suffering a total loss of $95,478.

Underred, Tate opened a 40-times-leveraged short position on 14.33 Bitcoin worth $935 million on June 17. Bitcoin was trading at $65,257 at press time, according to Decibel. The trader has been liquidated 107 times to date.