Bybit CEO Predicts Up to $10 Billion in Crypto Liquidations
- Bybit CEO Ben Zhou estimates crypto liquidations could reach $8 billion to $10 billion.
- Bybit recorded $2.1 billion in liquidations in the last 24 hours.
- Coinglass data shows only $333 million in liquidations, indicating possible underreporting.
- Zhou attributes discrepancies to API limitations affecting data feeds across exchanges.
- Bybit plans to publish comprehensive liquidation data for increased transparency.
Zhou highlighted that Bybit’s liquidation figures significantly exceed those reported by Coinglass, suggesting that actual market liquidations are higher due to API limitations on data reporting. Bybit aims to enhance transparency by publishing detailed liquidation data moving forward.
Source (2.6)https://cryptobriefing.com/total-crypto-liquidations-bybit-ceo/?rand=59535
