Andrew Tate has returned to high-leverage trading on Hyperliquid with a fresh multimillion-dollar Bitcoin (BTC) long.
The position is already underwater and sits just above the price that would wipe it out. Its survival could hinge on a Federal Reserve rate decision that traders expect to set Bitcoin’s next move.
Andrew Tate Returns With 40x Bitcoin Long on Hyperliquid
The 40x leveraged long position covers 57.36 BTC, giving it a notional value of nearly $3.756 million. At the time of writing, the trade was showing an unrealized loss of around $31,277.8.
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The latest bet adds to a trading history marked by significant losses. Tate has built one of the most closely watched liquidation records on Hyperliquid, the decentralized perpetual futures exchange.
According to Lookonchain, Tate has been liquidated 107 times. By November, his cumulative trading losses had climbed to roughly $800,000.
Fed Decision Looms Over Bitcoin
Tate’s latest trade comes at a time when Bitcoin is flashing red. The position carries a liquidation price of $65,216, while Bitcoin recently fell to $65,466, down about 1.3% over the past day.
That leaves only a narrow margin between the current market price and a forced liquidation.
The market weakness comes ahead of the first interest rate decision under Federal Reserve Chair Kevin Warsh. Markets are overwhelmingly pricing in a pause, with the benchmark rate expected to remain within the 3.50%–3.75% range.
Trading firm Wintermute framed the decision as the key near-term driver for crypto. Traders will be closely watching both the policy outcome and the Fed’s guidance on inflation and future rate moves.
“A dovish read on softer core and lower oil extends the relief; a hawkish read on 4.2% headline ends it,” the firm wrote.
Whether Tate’s leveraged long survives could ultimately depend on how Warsh frames the outlook on Wednesday. Any hawkish remarks could pressure risk assets and potentially push Bitcoin below Tate’s liquidation threshold. Conversely, a more dovish tone could provide short-term support and give the position room to recover.
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