Crypto influencer and investor Andrew Tate faces a series of forced liquidations on the Hyperliquid platform after losing his Bitcoin bets eight times within just 24 hours, marking his latest setback in the crypto market.

According to data from Lookonchain, Tate's losses resulted from a series of high-leverage Bitcoin futures trades that moved against his expectations.

In less than 24 hours, he experienced eight consecutive liquidations after depositing around $100,000 in USDC.

Tate began by opening a massive long position worth $3.8 million, equivalent to about 57 Bitcoin, using 40x leverage, but a drop in the coin's price led to the liquidation of the position.

He then switched to a $1 million short position, but the price reversal also caused the position to be automatically closed and the collateral to be drained, according to Arkham.

These losses come after months of losing around $800,000 in a similar series of high-risk Bitcoin bets, despite previously describing himself as the "best player in crypto."

Lookonchain data indicates that the remaining balance in the account monitored by the platform has dropped to about $14,200, compared to the large amounts he previously invested in cryptocurrency $BTC trading.