Social media personality Andrew Tate has been liquidated eight times in 16 hours, leaving his account with just $14,219. This occurred amid market volatility following the Federal Reserve’s FOMC meeting, which liquidated approximately 100,000 traders. Separately, BitMEX co-founder Arthur Hayes has purchased 2,900 ETH, worth over $5 million, in a series of buys over two days, signaling a bullish pivot toward Ethereum.
Recent market volatility, prompted by the Federal Reserve’s FOMC meeting, liquidated roughly 100,000 traders. Among them was social media personality and former boxer Andrew Tate.
On-chain data shows Tate was liquidated eight times in the past 16 hours. He was left with just $14,219 in his account after flipping between long and short Bitcoin positions.
He had opened a long position for 57.36 BTC, valued at around $3.76 million. The liquidation price for this position was $65,216.
Bitcoin experienced significant volatility before and after the FOMC meeting, dropping below Tate’s liquidation price. The cryptocurrency fell further after the new Fed chair’s hawkish press conference, dumping below $64,000.
In a separate development, Arthur Hayes has turned bullish on Ethereum. He initially purchased 1,400 ETH before buying another 1,500 ETH for $2.63 million.
Lookonchain stated he has acquired 2,900 ETH worth over $5 million in just a couple of days. This follows recent criticism he faced for promoting and then selling other altcoins.
