Controversial influencer Andrew Tate has seen his Hyperliquid trading account fully liquidated once again, bringing his total cumulative losses to $794,000 and marking his 84th liquidation on the platform, according to on-chain analytics firm Lookonchain.
Dismal Trading Record
Data reveals that Tate’s overall win rate stands at just 35.53%, well below what is typically needed to sustain profitable trading. His largest single loss occurred on November 14, when a 40x leveraged long position on Bitcoin (BTC) resulted in a $235,000 wipeout. The most recent liquidation happened on November 21 — a BTC long position that was closed out less than an hour after being opened.
Tate has consistently employed a “buy-the-dip” strategy, betting on price rebounds amid downturns. However, this aggressive approach coincided with a sharp market decline. On November 21, Bitcoin fell to around $80,500, triggering a cascade of liquidations across the market. Nearly 400,000 traders were liquidated that day, with leveraged positions totaling approximately $2 billion being wiped out. Bitcoin has since partially recovered to around $86,000 as of writing (November 24, 5 a.m. EST).
Tate Changes the Narrative: Pushing Privacy Solutions
Rather than addressing his near-total account liquidation, Tate shifted the conversation in a video posted on X. He pivoted to promoting zero-knowledge (ZK) proof-based privacy solutions, stating: “Right now, crypto is down, stocks are down, but it’s all coming back and when it does, the new meta is going to be privacy.” He claimed that AI algorithms being trained by tech giants will be used to control information and money, specifically tracking crypto transactions. He argued that ZK privacy solutions are the future because they allow users to transact without fear of government surveillance.
Notably, Tate and his brother Tristan currently face ongoing charges of trafficking and rape, though these legal issues were not mentioned in his public statement.
Market Impact and Lessons
Tate’s repeated liquidations serve as a cautionary tale for retail traders using high leverage. In volatile markets, even well-known personalities can suffer catastrophic losses. On-chain analysts point out that traders with win rates below 40% are unlikely to survive long-term, and Tate’s 84 liquidations underscore the dangers of over-leveraging. The transparency of decentralized exchange data allows anyone to track large positions, amplifying the public scrutiny of individual trading behavior.
While Tate claims privacy will be the next trend, many in the crypto community view the pivot as an attempt to deflect attention from his poor trading performance. As of press time, Tate has not directly addressed his 84th liquidation.