So, guess what? Crypto exchange Bybit just dropped a bombshell on Friday, and no, it’s not a new flavor of kombucha. They’ve made all liquidation data accessible through their shiny new API! 🎉
In a plot twist worthy of a Netflix series, this announcement comes just weeks after CEO Ben Zhou threw some serious shade at CoinGlass’ Bitcoin liquidation estimates. I mean, who doesn’t love a little drama in the crypto world? In a press release that could have used a few more exclamation points, Bybit declared that traders, analysts, and institutions can now feast on real-time market activity updates every 500 milliseconds. That’s faster than my last relationship! 💔
“This ensures that every liquidation event is captured and disclosed without delay, setting a new standard for openness and reliability in the digital asset market.”
— Bybit
Zhou, ever the optimist, called this move a “proactive approach in response to the crypto community’s demand for openness.” Because nothing says “we care” like giving traders access to “complete and real-time market data.” 🙌
Bybit claims this update fixes those pesky gaps in reported liquidation data that were previously limited by API restrictions. And guess what? CoinGlass has already jumped on the bandwagon and integrated Bybit’s liquidation data into their system. Talk about a power couple! 💑
Now, let’s get real for a second. Earlier this month, crypto traders were crying into their pillows as over $2.2 billion in liquidations hit the market. Bitcoin (BTC) plummeted to $91,000, and Ethereum (ETH) took a nosedive of 20% in just one day. Analysts using CoinGlass’ data said this wipeout was bigger than the COVID crash and the FTX collapse combined. Yikes! 😱
But wait, there’s more! Zhou hinted on X that CoinGlass’ numbers might have been underreported due to those pesky API limits set by Bybit. He also teased that other platforms might be playing the same game but kept their names a secret. Ooh, the suspense! 🎭
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2025-02-21 15:00