Bybit CEO Highlights Discrepancies in Crypto Liquidation Volumes
- Ben Zhou, CEO of Bybit, reported actual daily liquidation volumes between $8 billion to $10 billion on February 3, 2025.
- Popular platforms showed significantly lower figures; CoinGlass reported only $333 million for Bybit.
- APIs from centralized exchanges limit data feeds, causing underreporting of liquidation volumes.
- Bybit plans to increase transparency by publishing comprehensive liquidation data in the future.
- The market crash on February 3, 2025, was triggered by U.S. tariffs introduced by President Donald Trump.
The real daily crypto liquidation volumes are much higher than reported figures, with Bybit’s own volume at $2.1 billion compared to CoinGlass’s $333 million report. This highlights the need for improved data accuracy and transparency in the industry.
Source (2.6)https://hodl.press/bybit-ceo-liquidations-reach-8-10-billion/?rand=24434
