COINOTAG News, citing OnchainLens data, reports that a long Bitcoin position associated with the address 0xb78—linked to Andrew Tate—was liquidated on November 18. The operation generated an estimated loss of $112,000, illustrating the leverage risk embedded in crypto derivatives.

Post-liquidation, on-chain records show the wallet balance shrinking to roughly $984, underscoring the velocity of depletion in high-leverage setups and the need for disciplined risk controls for high net-worth traders.

As market participants monitor on-chain signals, this incident reinforces the importance of verified reporting and sober risk assessment in crypto exposure, where rapid drawdowns can affect even prominent figures alongside credible market data.