Tuesday, March 28, 2023
  • Login
EthozEdge
No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
Cryptocurrency Marketcap
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
No Result
View All Result
EthozEdge
No Result
View All Result
Home Crypto News Bitcoin

Crypto Market Observes $500 In Liquidations As Bitcoin Falls Under $36k

by ethozedge
May 6, 2022
in Bitcoin
Reading Time: 3 mins read
A A
0
Share on FacebookShare on Twitter


Data shows liquidations in the crypto futures market have amounted to around $500 million over the past day as the price of Bitcoin plunges below $36k.

About $500 Million Liquidated In Crypto Futures Over Last 24 Hours

In case anyone’s not aware of what “liquidations” are, it’s best to first see a basic overview of crypto margin trading.

When an investor opens a Bitcoin futures contract, they need to put down a minimum collateral, which is called the “margin.”

Against the margin, traders can decide to take on leverage. The leverage is a loan equal to many times their initial position.

The benefit of leverage is that investors can earn multitudes more profit if the Bitcoin price moves in the direction they bet on.

Related Reading | No Bitcoin Please: Warren Buffett Says He Won’t Pay Even $25 For All The Bitcoins In The World

However, it also means that their losses are also magnified by the same amount as the leverage. When these losses eat up a specific percentage of the margin, the exchange forcefully closes the position.

This is what a liquidation is. The below table shows the data for crypto liquidations that occurred over the past day.

Bitcoin Crypto Liquidations

It seems like a large amount of liquidations have taken place today | Source: CoinGlass

As you can see above, almost $500 million in crypto futures was liquidated over the last 24 hours. $105 million of this got flushed out in the past four hours alone.

Since these liquidations were triggered by the price plummeting downwards, the majority of contracts involved were longs.

Mass liquidations like this one aren’t an uncommon sight in the crypto market. There are a couple of reasons behind this.

The first, more important reason is that cryptocurrencies are usually very volatile, sometimes jumping even as much as 10% in the matter of a few hours.

Related Reading | Block Report: Cash App Bitcoin Sales Comes In At $1.73 Billion During Q1 2022

The other is the fact that many exchanges offer even as high as 100x leverage. High leverage naturally increases the risk of liquidation.

These factors together can make up an environment where uninformed margin trading can prove to be quite risky.

BTC Price

At the time of writing, Bitcoin’s price floats around $35.8k, down 8% in the last seven days. Over the past month, the crypto has lost 21% in value.

Here is a chart that shows the trend in the price of the coin over the last five days.

Bitcoin Crypto Price Chart

The price of BTC seems to have crashed down over the last day | Source: BTCUSD on TradingView

Yesterday, the price looked to be recovering a bit as it approached the $40k level, but it wasn’t long before it plunged down all the way to below the $36k level.

Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com



Source link

Tags: 36KBitcoinbitcoin newsCryptocrypto analysiscrypto newsEthoz EdgeFallsLatest bitcoin newslatest crypto newsLiquidationsMarketObserves
Share76Tweet47

Related Posts

Ripple Contributes To New Digital Euro Whitepaper By DEA

by ethozedge
March 28, 2023
0

The Digital Euro Association (DEA) has published a new whitepaper to which Ripple Director of CBDC Product Management Anthony Ralphs...

Bitcoin Millionaire Tim Draper Advises Startups to Keep Bitcoin as a Hedge Against a ‘Domino’ Run on the Banks – Finance Bitcoin News

by ethozedge
March 28, 2023
0

Tim Draper, a venture capitalist and bitcoin millionaire, has included bitcoin as part of a series of cash management recommendations...

Polygon Launches zkEVM Mainnet Beta,

by ethozedge
March 28, 2023
0

Polygon Labs has recently made a major announcement that is set to impact the Ethereum network’s future positively. The protocol...

Binance CEO Zhao Calls CFTC Suit an ‘Incomplete Recitation of Facts’

by ethozedge
March 28, 2023
0

The lawsuit, filed in the U.S. District Court for the Northern District of Illinois, alleges that Binance operated a derivatives...

Macro Factors Like Interest Rates Are Moving Crypto Markets — CoinDesk

by ethozedge
March 27, 2023
0

For the past nine months, overall macro conditions have taken a back seat to the idiosyncratic failures (FTX, Terra's LUNA/UST,...

Load More
  • Trending
  • Comments
  • Latest

🔴 Bank of America Bets on Crypto

April 11, 2022

Pomelo Launches Family Credit Cards to Combine Credit and International Money Transfer

August 16, 2022

How to Add Polygon (MATIC) to Your MetaMask Wallet

May 28, 2022

The Sandbox Price Prediction 2022-2030: HODL or DUMP?

May 25, 2022

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

0

At least 54 apes were stolen in BAYC Instagram hack

0

Binance Introduces New Crypto Card for Ukrainian Refugees

0

55,000 Meta Cricket League NFTs sell out in nine minutes

0

Polygon announces the launch of open-source zkEVM

March 28, 2023

Ripple Contributes To New Digital Euro Whitepaper By DEA

March 28, 2023

THORChain halts Operations Due To Network Vulnerability Report

March 28, 2023

Disney disbands entire metaverse team – 50 staff jobs cut

March 28, 2023
Facebook Twitter LinkedIn Tumblr RSS
EthozEdge

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at EthozEdge

CATEGORIES

  • Altcoin News
  • Avalanche Network
  • Binance Smart Chain
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Regulation News
  • DeFi
  • Ethereum
  • EVM News
  • Fantom Opera Chain
  • Harmony Chain
  • Huobi Eco Chain
  • Metaverse
  • NFT
  • Polygon Chain
  • Scam News
  • Web 3.0
  • XDai Chain

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

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

Log In
  • JDBJDB(JDB)$0.021575-0.61%
  • bitcoinBitcoin(BTC)$26,971.000.43%
  • ethereumEthereum(ETH)$1,740.411.87%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.00-0.23%
  • binancecoinBNB(BNB)$311.87-1.30%
  • usd-coinUSD Coin(USDC)$1.00-0.08%
  • rippleXRP(XRP)$0.508.70%
  • cardanoCardano(ADA)$0.3601655.59%
  • staked-etherLido Staked Ether(STETH)$1,735.501.97%
  • dogecoinDogecoin(DOGE)$0.0727850.31%
  • matic-networkPolygon(MATIC)$1.061.40%
  • solanaSolana(SOL)$20.272.71%
  • binance-usdBinance USD(BUSD)$1.000.01%
  • polkadotPolkadot(DOT)$5.972.43%
  • litecoinLitecoin(LTC)$86.77-2.40%
  • shiba-inuShiba Inu(SHIB)$0.000010-0.29%
  • tronTRON(TRX)$0.0636791.81%
  • avalanche-2Avalanche(AVAX)$16.541.06%
  • daiDai(DAI)$1.000.19%
  • uniswapUniswap(UNI)$5.722.48%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$27,016.000.35%
  • chainlinkChainlink(LINK)$6.850.05%
  • cosmosCosmos Hub(ATOM)$11.295.35%
  • leo-tokenLEO Token(LEO)$3.37-0.68%
  • ToncoinToncoin(TON)$2.05-1.91%
  • moneroMonero(XMR)$154.19-1.38%
  • ethereum-classicEthereum Classic(ETC)$19.933.14%
  • okbOKB(OKB)$42.551.87%
  • stellarStellar(XLM)$0.0953734.99%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • bitcoin-cashBitcoin Cash(BCH)$120.881.68%
  • filecoinFilecoin(FIL)$5.391.76%
  • true-usdTrueUSD(TUSD)$1.001.27%
  • AptosAptos(APT)$11.060.09%
  • lido-daoLido DAO(LDO)$2.141.70%
  • hedera-hashgraphHedera(HBAR)$0.0589491.82%
  • quant-networkQuant(QNT)$120.190.32%
  • crypto-com-chainCronos(CRO)$0.0668590.03%
  • nearNEAR Protocol(NEAR)$1.860.70%
  • vechainVeChain(VET)$0.0220611.06%
  • apecoinApeCoin(APE)$4.074.69%
  • ArbitrumArbitrum(ARB)$1.17-1.69%
  • algorandAlgorand(ALGO)$0.2003740.67%
  • internet-computerInternet Computer(ICP)$4.760.56%
  • eosEOS(EOS)$1.101.96%
  • blockstackStacks(STX)$0.88-4.49%
  • the-graphThe Graph(GRT)$0.1323230.10%
  • fantomFantom(FTM)$0.408808-1.12%
  • the-sandboxThe Sandbox(SAND)$0.602.09%
  • fraxFrax(FRAX)$1.000.18%
  • elrond-erd-2MultiversX(EGLD)$41.280.85%
  • decentralandDecentraland(MANA)$0.572.02%
  • aaveAave(AAVE)$70.011.01%
  • tezosTezos(XTZ)$1.08-0.06%
  • theta-tokenTheta Network(THETA)$0.972.32%
  • flowFlow(FLOW)$0.921.11%
  • immutable-xImmutableX(IMX)$1.054.27%
  • axie-infinityAxie Infinity(AXS)$8.122.47%
  • neoNEO(NEO)$12.281.84%
  • rocket-poolRocket Pool(RPL)$44.2010.45%
  • kucoin-sharesKuCoin(KCS)$8.26-0.04%
  • paxos-standardPax Dollar(USDP)$1.000.06%
  • BitDAOBitDAO(BIT)$0.520.02%
  • havvenSynthetix Network(SNX)$2.33-0.04%
  • WhiteBIT TokenWhiteBIT Token(WBT)$5.01-0.11%
  • usddUSDD(USDD)$0.99-0.59%
  • terra-lunaTerra Luna Classic(LUNC)$0.0001210.73%
  • curve-dao-tokenCurve DAO(CRV)$0.901.60%
  • conflux-tokenConflux(CFX)$0.3313484.83%
  • klay-tokenKlaytn(KLAY)$0.2227150.16%
  • gatechain-tokenGate(GT)$4.870.03%
  • bitcoin-cash-svBitcoin SV(BSV)$35.380.23%
  • optimismOptimism(OP)$2.154.35%
  • pancakeswap-tokenPancakeSwap(CAKE)$3.59-0.21%
  • sapphireSapphire(SAPP)$0.7035.32%
  • gmxGMX(GMX)$74.4511.97%
  • mina-protocolMina Protocol(MINA)$0.73-1.87%
  • dashDash(DASH)$55.580.03%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • chilizChiliz(CHZ)$0.1155731.85%
  • makerMaker(MKR)$673.094.88%
  • huobi-tokenHuobi(HT)$3.570.15%
  • bittorrentBitTorrent(BTT)$0.000001-0.08%
  • ecasheCash(XEC)$0.0000301.22%
  • iotaIOTA(MIOTA)$0.2029151.87%
  • xdce-crowd-saleXDC Network(XDC)$0.0398771.62%
  • Bitget TokenBitget Token(BGB)$0.386437-0.60%
  • frax-shareFrax Share(FXS)$7.531.15%
  • compound-ethercETH(CETH)$34.971.67%
  • EdgecoinEdgecoin(EDGT)$1.00-0.69%
  • FlareFlare(FLR)$0.04237626.32%
  • pax-goldPAX Gold(PAXG)$1,981.890.53%
  • Tokenize XchangeTokenize Xchange(TKX)$6.111.45%
  • tether-goldTether Gold(XAUT)$1,973.960.07%
  • singularitynetSingularityNET(AGIX)$0.401769-0.05%
  • trust-wallet-tokenTrust Wallet(TWT)$1.11-1.44%
  • binaryxBinaryX(BNX)$165.94-5.94%
  • Halo CoinHalo Coin(HALO)$0.057352-0.04%
  • compound-usd-coincUSDC(CUSDC)$0.0228040.47%
  • osmosisOsmosis(OSMO)$0.792.69%
  • mask-networkMask Network(MASK)$5.771.31%
  • zilliqaZilliqa(ZIL)$0.0263522.58%
  • loopringLoopring(LRC)$0.3388001.64%
  • 1inch1inch(1INCH)$0.4963630.71%
  • radixRadix(XRD)$0.040595-1.63%
  • nexoNEXO(NEXO)$0.722.73%
  • render-tokenRender(RNDR)$1.12-0.36%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,861.132.03%
  • cdaicDAI(CDAI)$0.0222421.17%
  • thorchainTHORChain(RUNE)$1.32-0.93%
  • kavaKava(KAVA)$0.865.85%
  • arweaveArweave(AR)$7.862.11%
  • gemini-dollarGemini Dollar(GUSD)$1.00-0.02%
  • KaspaKaspa(KAS)$0.02189114.94%
  • btse-tokenBTSE Token(BTSE)$2.36-1.16%
  • oec-tokenOKT Chain(OKT)$21.32-1.29%
  • convex-financeConvex Finance(CVX)$4.981.66%
  • zcashZcash(ZEC)$35.761.85%
  • dydxdYdX(DYDX)$2.409.62%
  • casper-networkCasper Network(CSPR)$0.033990-0.51%
  • enjincoinEnjin Coin(ENJ)$0.3687170.30%
  • DeFiChainDeFiChain(DFI)$0.53-0.32%
  • EthereumPoWEthereumPoW(ETHW)$3.331.36%
  • DogechainDogechain(DC)$0.001787-24.98%
  • basic-attention-tokenBasic Attention(BAT)$0.2401591.63%
  • fetch-aiFetch.ai(FET)$0.3404050.02%
  • WEMIXWEMIX(WEMIX)$1.432.91%
  • nemNEM(XEM)$0.0374471.70%
  • baby-doge-coinBaby Doge Coin(BABYDOGE)$0.000000-2.22%
  • ethereum-name-serviceEthereum Name Service(ENS)$12.812.82%
  • Nexus MutualNexus Mutual(NXM)$48.371.64%
  • FLOKIFLOKI(FLOKI)$0.000032-2.81%
  • Aleph ZeroAleph Zero(AZERO)$1.430.41%
  • woo-networkWOO Network(WOO)$0.1884924.64%
  • qtumQtum(QTUM)$3.011.29%
  • BeldexBeldex(BDX)$0.0604933.39%
  • theta-fuelTheta Fuel(TFUEL)$0.0513213.08%
  • holotokenHolo(HOT)$0.0017351.31%
  • terra-luna-2Terra(LUNA)$1.261.10%
  • injective-protocolInjective(INJ)$3.79-0.28%
  • decredDecred(DCR)$19.86-1.28%
  • kusamaKusama(KSM)$32.462.68%
  • celoCelo(CELO)$0.594.61%
  • galaGALA(GALA)$0.0385234.73%
  • ravencoinRavencoin(RVN)$0.024256-0.76%
  • olympusOlympus(OHM)$10.250.07%
  • Gains FarmGains Farm(GFARM2)$7,930.530.00%
  • audiusAudius(AUDIO)$0.28526910.41%
  • compound-governance-tokenCompound(COMP)$41.151.77%
  • MagicMagic(MAGIC)$1.321.22%
  • gnosisGnosis(GNO)$107.272.35%
  • safemoonSafeMoon [OLD](SAFEMOON)$0.000000-4.89%
  • oasis-networkOasis Network(ROSE)$0.0545681.61%
  • yearn-financeyearn.finance(YFI)$8,280.613.78%
  • liquity-usdLiquity USD(LUSD)$1.01-0.28%
  • balancerBalancer(BAL)$6.703.30%
  • linkLINK(LN)$39.570.19%
  • flex-coinFLEX Coin(FLEX)$2.653.90%
  • AstarAstar(ASTR)$0.0585700.05%
  • IdeaChainIdeaChain(ICH)$4.730.00%
  • chiaChia(XCH)$37.03-1.45%
  • ftx-tokenFTX(FTT)$1.89-21.52%
  • bitcoin-goldBitcoin Gold(BTG)$14.40-7.76%
  • ankrAnkr Network(ANKR)$0.0309941.94%
  • SSV NetworkSSV Network(SSV)$35.61-2.15%
  • Crypto Gladiator LeagueCrypto Gladiator League(CGL)$0.16194440.57%
  • omisegoOMG Network(OMG)$1.782.76%
  • Access ProtocolAccess Protocol(ACS)$0.008332-2.37%
  • nucypherNuCypher(NU)$0.191018-1.42%
  • huobi-btcHuobi BTC(HBTC)$26,977.000.58%
  • Bone ShibaSwapBone ShibaSwap(BONE)$1.02-4.64%
  • harmonyHarmony(ONE)$0.019051-0.14%
  • bloxBlox(CDT)$0.345579-6.92%
  • Manchester City Fan TokenManchester City Fan Token(CITY)$11.87-1.78%
  • AstraferAstrafer(ASTRAFER)$1.490.28%
  • stepnSTEPN(GMT)$0.3661521.14%
  • world-mobile-tokenWorld Mobile Token(WMT)$0.2920233.33%
  • DAO MakerDAO Maker(DAO)$1.55-2.35%
  • iotexIoTeX(IOTX)$0.024265-0.65%
  • convex-crvConvex CRV(CVXCRV)$0.791.98%
  • escoin-tokenEscoin(ELG)$2.861.88%
  • Meerkat SharesMeerkat Shares(MSHARE)$11,715.17-5.03%
  • golemGolem(GLM)$0.2244940.06%
  • tether-eurtEuro Tether(EURT)$1.080.48%
  • justJUST(JST)$0.0250600.97%
  • Staked LunaStaked Luna(STLUNA)$88.35-0.49%
  • Gains NetworkGains Network(GNS)$7.207.00%
  • Frax EtherFrax Ether(FRXETH)$1,740.002.14%
  • moonbeamMoonbeam(GLMR)$0.354481-2.01%
  • inSure DeFiinSure DeFi(SURE)$0.0080671.05%
  • BlurBlur(BLUR)$0.50-0.13%
  • jasmycoinJasmyCoin(JASMY)$0.0044380.66%
  • ecomiECOMI(OMI)$0.000782-1.07%
  • band-protocolBand Protocol(BAND)$1.682.93%
  • terrausdTerraClassicUSD(USTC)$0.0211221.09%
  • kadenaKadena(KDA)$0.921.10%
  • Ankr Staked ETHAnkr Staked ETH(ANKRETH)$1,925.73-2.13%
  • perpetual-protocolPerpetual Protocol(PERP)$2.92-2.77%
  • wavesWaves(WAVES)$2.041.67%