According to Mars Finance, on June 18, Lookonchain monitoring revealed that former world boxing champion and billionaire Andrew Tate suffered eight forced liquidations in the past 16 hours—first, his long position in BTC was liquidated, followed by his short position in BTC being liquidated as well. His current account balance stands at just $14,219.
Andrew Tate's crypto account was cleared eight times in 16 hours, with his balance dropping to $14,219.
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Summary
Andrew Tate’s crypto account experienced eight liquidations within 16 hours, leaving a balance of $14,219, according to Lookonchain. The trades included both long and short BTC positions. The rapid fluctuations underscore the importance of maintaining a strong risk-to-reward ratio in volatile markets. Value investing in crypto generally avoids such high-risk leveraged strategies.
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