Andrew Tate is back in high-leverage trading on Hyperliquid with a new Bitcoin (BTC) worth millions of dollars.
The position is already underwater and sits just above the price which would erase it. Its survival could hinge on the Federal Reserve’s interest rate decision, which traders expect will determine Bitcoin’s next move.
Andrew Tate returns with a 40x BTC long trade on Hyperliquid
The 40x leveraged long position covers 57.36 BTC, giving it a notional value of around $3.756 million. At the time of writing, the trade was showing an unrealized loss of approximately $31,277.8.
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the The last bet adds to A Trading history is characterized by significant losses. Tate built one of the most closely watched liquidation registries on Hyperliquid, the decentralized perpetual futures exchange.
according to LoconchineTate has been eliminated 107 times. By November, his cumulative trading losses had declined It rose to nearly $800,000.
Fed decision looms on Bitcoin
Tate’s latest trade comes at a time when Bitcoin is flashing red. Attitude Holds filter The price of Bitcoin reached $65,216, while the price of Bitcoin recently fell to $65,466, down about 1.3% over the past day.
This leaves only a narrow margin between the current market price and forced liquidation.
The market weakness comes ahead of the Fed’s first interest rate decision President Kevin Warsh. Markets are overwhelmingly priced temporarily, with the benchmark rate expected to remain within the 3.50%-3.75% range.
Trading firm Wintermute framed the decision as a major driver for cryptocurrencies in the near term. Traders will closely monitor policy outcomes, the Fed’s guidance on inflation, and future interest rate movements.
“A dovish reading on lower core oil prices and lower oil increases comfort; a hawkish reading on the headline of 4.2% ends the matter,” the company said. books.
Whether Tate survives for the long haul could ultimately depend on how Warsh phrases expectations on Wednesday. Any hawkish statements could put pressure on riskier assets and possibly push Bitcoin below the TET liquidation threshold. Conversely, a more pessimistic tone can provide short-term support and give the situation room to recover.
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this post Andrew Tate ignores 107 liquidations with new 40x Bitcoin bet appeared first on BeInCrypto.
