Andrew Tate Bets Against Bitcoin and Ethereum After Referral Rewards Payout

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According to MLM’s on-chain data, Andrew Tate has returned to trading, initiating short bets on 8.2 BTC (about $980,000) and 185 ETH (approximately $850,000). It’s interesting to note that the move was made only 55 days after he was completely liquidated on Hyperliquid, which resulted in a zero balance in his account. This time, he is bolstering his wager against the market with money obtained from referral rewards. The crypto world is buzzing over the high-risk move, with many people eager to see if Tate’s return gamble would succeed or fail.

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A crypto and finance journalist with over three years of experience turning complex market trends into stories that anyone can understand. With a strong background in covering business, finance, and digital assets, Nausheen has contributed to global media outlets including Reuters and CoinGape. Passionate about the fast-moving world of blockchain and emerging tech, she blends sharp analysis with clear storytelling, making insights valuable for both new readers and seasoned investors.