• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Cryptos

Over 100,000 traders lose $403 million as Bitcoin falls below $36,000

Ajibola Akamo by Ajibola Akamo
May 6, 2022
in Cryptos
Elon Musk’s tweets wrecks Crypto market, as investor loses $90 million
Share on FacebookShare on TwitterShare on Linkedin

It was a sea of red in the cryptocurrency space that has seen 103,518 traders having their accounts liquidated as Bitcoin and other cryptocurrencies sell-off, a day after the United States Federal Reserve handed down its policy decision to increase interest rate by half a percentage point.

Liquidation refers to when an exchange forcefully closes a trader’s leveraged position due to a partial or total loss of the trader’s initial margin. It happens when a trader is unable to meet the margin requirements for a leveraged position (fails to have sufficient funds to keep the trade open). Liquidation occurs in both margin and futures trading.

The total liquidations from these traders amounted to a total of $403.42 million, with longs accounting for $344.52 million or 85.40% of the total liquidations. The shorts accounted for the rest of the total amount ($58.9 million).

RelatedStories

Crypto is now legit — Will Nigeria’s financial institutions adapt or burn? | Drinks & Mics ft Buchi Okoro

Crypto is now legit — Will Nigeria’s financial institutions adapt or burn? | Drinks & Mics ft Buchi Okoro

July 12, 2025
Bitcoin

Bitcoin blasts past $118K, short sellers lose $1.25 billion   

July 11, 2025

What you should know

  • Flagship cryptocurrency, Bitcoin lost almost $4,000 in less than 12 hours, from a little above $39,600, to trade as low as $35,850 in the Asian session today. This represents a decline of approximately 10%.
  • The entire cryptocurrency market capitalization also fell. The market cap fell below the $1.7 trillion support to currently stand at $1.64 trillion as of the time of this writing.
  • The Fed hiked its interest rate to 1%, the largest increase since 2000, as it handed down its policy decision on Wednesday.
  • We are currently seeing the effects of the policy decision made by the federal reserve. The U.S. Fed increase in the interest rate brought about a strong dollar index (a measure of the strength of the U.S. dollar).
  • As of the time of this writing, the dollar index is trading at a 20 year high, currently above 104 basis points.
  • When Bitcoin sneezes, the altcoins catch a cold and this was exactly what played out yesterday. We saw a massive sell-off in the altcoin market, with many tokens losing 5% and more.
  • In fact the selloff saw DOT and AVAX lose their top 10 status, as they have been overtaken by stablecoin’s UST and BUSD.
  • Okex exchange accounted for the most liquidation, representing $161.95 million or 40.14% of the total liquidations. Binance came in second, accounting for $104.94 million which represents 26.01%.

Bitcoin liquidations accounted for the most as expected, representing $191.19 million or 47.40% of the total liquidations in the last 24 hours. Ether came in second, accounting for $64.79 million and in third place, APE, accounted for $11.43 million.


Follow us for Breaking News and Market Intelligence.
Tags: BitcoinFeatured
Ajibola Akamo

Ajibola Akamo

Ajibola Akamo is an Investment Analyst, Financial Analyst, Economist and Accountant. You may contact him via his email ajibolaakamo@yahoo.com

Related Posts

Crypto is now legit — Will Nigeria’s financial institutions adapt or burn? | Drinks & Mics ft Buchi Okoro
Digital Media

Crypto is now legit — Will Nigeria’s financial institutions adapt or burn? | Drinks & Mics ft Buchi Okoro

July 12, 2025
Bitcoin
Cryptos

Bitcoin blasts past $118K, short sellers lose $1.25 billion   

July 11, 2025
Bitcoin
Cryptos

Bitcoin surges to record $112K amid institutional demand 

July 10, 2025
Bitcoin
Cryptos

Bitcoin shows buyers’ exhaustion, struggles under $108K

June 27, 2025
Bitcoin
Cryptos

Hawkish Fed, Israel–Iran conflict cage Bitcoin

June 19, 2025
Bitcoin is now a ‘safe-haven coin’ of the crypto market, Octa broker says 
Companies

Bitcoin is now a ‘safe-haven coin’ of the crypto market, Octa broker says 

May 29, 2025
Next Post
Commercial paper, United Capital Asset Management explains mutual funds’ positive performance

United Capital Plc recognized as one of Africa’s fastest growing companies by Financial Times

Comments 1

  1. Sandra Elena says:
    June 20, 2022 at 4:16 pm

    My bitcoin was stolen by an investment company on Telegram. Life became so frustrating to the extent I fall sick and spent some days in the hospital. I can’t imagine a single mother like me losing $42k just like that. I went to a local police station and made a report still nothing was done. I did all I could do within my powers to recover my lost funds but all was in vain. I nearly give up. All I did was started looking for help both on internet, friends and work colleagues. They told me about Digiconomist site where I meet { SCAMRECOVERYSITE AT FASTSERVICE DOT . COM} Them asked for a little commitment which I did immediately cause I was really ready to get my funds back. They brought back life to me buy recovering %100 of my lost funds. Contact them now for help.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Why companies scramble to offer Commercial Papers in H1 2025 – Optimus MD, Ayodeji Ebo 
  • Naira strengthens to N1,550/$ in parallel market; here’s why it’s gaining 
  • Nigeria Customs refutes payment claims for Form M migration to B’Odogwu platform 

Follow us on social media:

Recent News

Ayodeji Ebo

Why companies scramble to offer Commercial Papers in H1 2025 – Optimus MD, Ayodeji Ebo 

July 12, 2025
Naira , dollar, exchange rate

Naira strengthens to N1,550/$ in parallel market; here’s why it’s gaining 

July 12, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics