Key Takeaways
- Andrew Tate vows to recoup all his money from crypto trading, as many mock him.
- Tate’s wallet is found on the Hyperliquid decentralized platform, with $4 missing from his trading capital.
- BTC market expectations remain bullish despite a minor price retracement towards the $107,700 region.
Andrew Tate has been at the center of recent controversy on X following his profitable tweet, which resulted in an over 138% gain trading Ethereum on the Hyperliquid trading platform.
The Hyperliquid trading platform has gained much recognition following James Wynn’s frequent trading of Bitcoin.
While many were attracted to Andrew Tate’s profit on Ethereum, an unknown DEX took the initiative to dig deeper into Tate’s wallet, as Hyperliquid is a decentralized platform that allows others to view the trading history of traders and wallet holders.
The user discovered a loss of over $600,000 in Tate’s wallet, sparking a huge controversy regarding his profitability. Many quoted the celebrity personality as lacking knowledge of trading, poor risk management, and needing to learn more.
Instead of backing down from the controversy, Tate tweeted that he would make it all back in the crypto space through trading.
In contrast, others have applauded such determination and joked that he needs to be careful so that he doesn’t end up like James Wynn, who has insisted that market makers are after him.
Andrew Tate’s Wallet Sits at a $4 Balance
Following his recent Boost of making back all his money from crypto trading, many on-chain traders have begun digging into Tate’s wallet to know more about his trading and account balance.
A tweet surfaced today suggesting Tate’s wallet balance is $4, implying he has been liquidated from previous trading, leading many to make fun of him for copying his fellow friend James Wynn.
This means if James Wynn gets liquidated, Tate also gets liquidated in the process, as his account is directly copied from James Wynn’s trade. While this is possible, it could just be a way of making fun of his trading expertise.
However, James Wynn has flipped bullish in the last few days, suggesting the price of BTC could see some upside potential in the meantime, ahead of new all-time highs in the works.
BTC Price Analysis
The price of BTC, after hitting a new high of around $110,700, just a few thousand dollars shy of the price needed to create a new all-time high, has seen its price trade around $107,700 with the potential to maintain a strong rally to the upside.
Overall market sentiment for BTC remains bullish, despite a minor price retracement, as crypto experts and analysts believe the price of BTC could reach a $120,000 price target before the end of June, potentially boosting the prices of altcoins.
