NewsSOS

Bitcoin Drops More Than 2% as Andrew Tate's 40x Leveraged Long Is Wiped Out

6/15/2026

Bitcoin ($BTC) fell more than 2% after Andrew Tate's leveraged long position — placed at 40 times margin — was fully liquidated, according to Pluang.

The wipeout illustrates how high-profile forced selling can amplify downside moves in a market already sensitive to large position unwinds.

The Liquidation Mechanics A 40x leveraged long means Tate controlled a notional position roughly 40 times the size of his posted collateral.

At that ratio, a price move of just 2.5% against the trade is enough to erase the entire margin balance and trigger forced closure by the exchange.