After 107 Liquidations, Andrew Tate Is Back With Big Bitcoin Bet

The recent price uptick in the cryptocurrency market has given some traders, including Andrew Tate, wings.

Despite his rather unsuccessful history with futures trading, the British-American social media personality and businessman has opened another major long, according to data shared by Lookonchain.

The analysts at the monitoring resource have counted 107 times in which Tate has been liquidated in the past. His new bitcoin long position is for 57.36 BTC, worth around $3.76 million.

However, the potential liquidation price is close by, at $65,216. The cryptocurrency currently trades around $65,500, and if it dips by just $300, Tate would need to act fast and provide further collateral to avoid getting wrecked again.

Aside from his unsuccessful past with futures trading, which once left him wiped out within an hour of opening a BTC long, Tate has quite the controversial history with the broader cryptocurrency industry.

A few years ago, he launched his own meme coin called DADDY, which was a direct competition to Iggy Azalea’s MOTHER. However, reports quickly raised the alarm, suggesting that many of  Tate’s claims about the token are incorrect and hinting at potential insider trading.

Current data from CoinGecko shows that DADDY trades at $0.0085, down by 97% from its all-time high.

The post After 107 Liquidations, Andrew Tate Is Back With Big Bitcoin Bet appeared first on CryptoPotato.