• 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

Bitcoin investors record losses of over $7 billion in recent market sell-off

Ajibola Akamo by Ajibola Akamo
June 21, 2022
in Cryptos
Bitcoin investors record losses of over $7 billion in recent market sell-off

Bitcoin

Share on FacebookShare on TwitterShare on Linkedin

Data from blockchain analytics firm, Glassnode, reveals that investors exited bitcoin positions worth a record $7.3 billion over the past few days, amounting to the biggest U.S. dollar-denominated losses in the asset’s history.

Realized loss denotes the total loss (U.S. dollar value) of all moved coins whose price at their last movement was higher than the price at the current movement, as per Glassnode. The tool can be used to measure how many coins moved at any particular price and the losses incurred by investors.

The data revealed that approximately 555,000 BTC have changed hands between prices of $18,000 and $23,000, a strong support and resistance level respectively for the asset ranged over the past few days. The losses ranged between $1.5 billion and $2 billion each day, data shows.

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

  • Long-term holders who are described as investors holding BTC for a period longer than 155 days, liquidated over 178,000 BTC at prices below $23,000, the data showed. However, these liquidations accounted for only 1.31% of the total holdings.
  • Glassnode explained that according to blockchain data, some of these holders purchased their coins at $69,000, bitcoin’s lifetime high, and sold at $18,000, taking on a loss of nearly 75%.
  • These liquidations seen in the market could have contributed to bitcoin falling to under $20,000 over the weekend. Bitcoin fell to trade below the $18,000 zone while its market capitalization slumped to about $350 billion, a 73% decline from its November all-time high, as previously reported.
  • Bitcoin saw resistance at $21,000 at the start of the week, after a relief rally saw some $2,000 added to prices over the past 24 hours. The $21,000 level has acted as support in the past weeks, price charts show.
  • In broader futures markets, bitcoin futures racked up some $436 million in liquidations over the past three days. Long options, or bets on higher prices, took on a majority of these losses, data from Coinglass shows.
  • The liquidation recorded comes as bitcoin fell steeply last week due to U.S. inflation data exceeding analyst estimates and the U.S. Federal Reserve (Fed) hiked rates by 75 basis points, the highest in 28 years.
  • Glassnode analysts explained that data at current price levels suggested a market bottom. The firm stated in a tweet, “We can see that as prices hit the $17,000 lows [Sunday], just 49% of the $BTC supply was in profit.”
  • Glassnode further stated, “Historical bear markets have bottomed and consolidated with between 40% and 50% of supply in profit.”
  • Despite this optimism from the analytics firm, traders and investors remain cautious with some stating that macroeconomic conditions must improve and the Fed’s aggressive approach to monetary policy should subside before crypto markets see a bottom.

Follow us for Breaking News and Market Intelligence.
Tags: Bitcoin
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
FG, ASUU to appear in court today for hearing

Strike: ASUU says FG yet to respond to reports of renegotiation committee

Leave a Reply Cancel reply

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

Emple
nlng
first bank








DUNS

Recent News

  • Samsung unveils Galaxy Z Fold7 | Flip 7 | Flip 7R, raising the bar for smartphones 
  • 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 

Follow us on social media:

Recent News

Samsung unveils Galaxy Z Fold7 | Flip 7 | Flip 7R, raising the bar for smartphones 

Samsung unveils Galaxy Z Fold7 | Flip 7 | Flip 7R, raising the bar for smartphones 

July 12, 2025
Ayodeji Ebo

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

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