“I’m afraid the actual total liquidation today is much larger than $2B, my estimate is that it should be at least $8 to $10 billion.” For your information, Bybit’s 24-hour liquidation alone amounted to $2.1 billion, recorded on Coinglass, amounted to about $333 million. However, these are not all eliminations. We have an API limit on the number of streams sent per second. In my observation, other exchanges are also practicing the same to limit liquidation data. In the future, Bybit will start sending all liquidation data. We believe in transparency
One source so far
CEO Bybit said
№ 0640Published Updated 1 min read
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