The 64k liquidation line is like a meat grinder—100,000 accounts listening to the sound together. The contract market has never lacked new corpses.

According to CryptoNews, social media personality Andrew Tate was liquidated 8 times over his Bitcoin positions on June 17–18, and ultimately his account was left with only about $14.2k. When the market fell to $64,000, a $400 million leveraged position was liquidated, affecting about 100,000 accounts, with the largest single loss reaching $5 million. Tate traded on HyperLiquid with high leverage; over the past year, he put in about $727k and did not withdraw it, and repeated liquidations ultimately cleared his account.