Andrew Tate (Cobratate), a former kickboxer and controversial crypto influencer who has survived 107 liquidations, has returned to trading perpetual contracts and opened a long position on bitcoin with 40x leverage.

Lookonchain analysts were the first to notice the trader's activity.

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Tate's new trade

According to Lookonchain, Tate went long on 57.36 BTC for a total of $3.76 million. The estimated liquidation price is $65,215.87. The 40x leverage in cross-margin mode leaves a minimal cushion: a move against the position of about 2.5% wipes out the collateral.

The entry point is $66,045.30, the break-even is $66,108.6, and the current price is $65,640.00. The position was already slightly in the red: an unrealized loss of −$23,247.72, funding of −$596.54. The overall spot balance is $87,238.02, and the margin ratio is 53.97%.

What happened to the long

Bitcoin continued to decline, and the trader's situation worsened. The size of the long shrank from 57.36 to 36.71 BTC, and the value of the position fell from $3.76 million to $2,386,657.74 — Tate probably partially closed the contract. The entry point remained the same ($66,045.30), but the break-even shifted to $66,116.3.

The price dropped to $65,015.00, and the loss deepened to −$37,821.88 with accumulated funding of −$665.46. The liquidation price moved up to $64,824.24 — meaning less than 0.3% remained before a forced closure. The spot balance was cut in half — from $87,238.02 to $36,784.28 — and the margin ratio rose from 53.97% to 81.18%, indicating a sharply increased risk.

The dynamics are consistent with the trader's history: 107 forced closures show that for him entries with extreme leverage regularly end in liquidations.

Source: BeInCrypto