Social media influencer Andrew Tate attempted a high-leverage bitcoin trade on decentralised derivatives exchange Hyperliquid, and recorded a loss of about $95,000 in a day, according to a report.

Cryptopolitan reported on June 18 that Tate suffered a total of eight liquidations over 24 hours, then closed his existing bitcoin long position and switched to a short position.

Data released by on-chain analytics firm Arkham Intelligence showed Tate used 40x leverage to build a bitcoin long position of 57.36 BTC. The notional value of the position was about $3.79 million.

Ahead of a U.S. Federal Reserve interest rate decision, the market turned weaker and bitcoin fell, quickly widening losses on the position. Tate added margin to try to prevent losses but could not reverse the situation. He added about $72 in additional collateral, but ultimately closed the position and locked in a loss of about $95,478.

After closing the position, he immediately took the opposite side. Tate then built a new bitcoin short position of 14.33 BTC. The notional value of the position, using 40x leverage, was estimated at about $934,000. The structure generates a profit if bitcoin falls further.

The case has been described as again showing how much volatility comes with the high-leverage trading offered on Hyperliquid. Arkham Intelligence tallied that Tate experienced eight separate liquidations over the same 24 hours.

Lookonchain, another on-chain analytics account, said Tate's cumulative number of liquidations on Hyperliquid reached 107. Earlier data estimated his cumulative losses at about $800,000.

Market conditions were also not supportive. Bitcoin started trading around $64,450 on the day but came under downward pressure after the Fed announced it would hold its benchmark rate, and slid as low as $62,980 during the session. Ether also started around $1,748 and stayed weak.

Despite news of a peace agreement between the United States and Iran, the crypto market failed to mount a clear rebound. Investors focused more on U.S. rate policy and global liquidity flows than on easing geopolitical tensions. Worries that the fallout from war could stoke inflation and prolong a high-rate stance also weighed on sentiment.

U.S. stocks, by contrast, showed a relatively solid trend. U.S. President Donald Trump wrote on social media platform Truth Social that the stock market had hit record highs and oil prices were falling, describing recent economic conditions positively.

Tate has promoted cryptocurrencies as a means to achieve economic freedom and has been linked to multiple memecoin projects. He was connected to various token projects including Daddy Tate, Roost, Journey Token and FTRISTAN, but some later plunged and became controversial.

In 2023, Romanian authorities were reported to have controlled some assets, including crypto wallets linked to him, while investigating allegations related to human trafficking, money laundering and sex crimes. Tate denies all related allegations.

The industry is assessing this case as a representative example showing that, beyond an individual influencer's failed investment, high-leverage trading can be exposed to significant risk around macroeconomic events such as Fed announcements.