Highlights:

• Bybit now provides real-time liquidation data updates every 500 milliseconds, enhancing speed significantly from the previous updates.
• This adjustment comes in response to demands for improved transparency from traders and financial institutions.

Article Content:

Major cryptocurrency exchange Bybit announced that it has made all of its liquidation data publicly accessible through an upgraded API (Application Programming Interface). This upgrade enables liquidation data updates to be delivered every 500 milliseconds, doubling the frequency of previous updates that occurred once per second per trading pair. Bybit’s initiative is aimed at eliminating the blind spots that obscured the actual scope of market activity.

Ben Zhou stated, “The real spirit of crypto is transparency. By making all liquidation data fully public, we’re empowering traders and analysts with the insights they need.”

The availability of liquidation data plays a crucial role in assisting traders to identify market trends, resistance levels, and potential volatility. Moreover, Bybit’s previous reports indicated significant liquidation amounts, contributing to a greater understanding of market dynamics. In the past, over $2.2 billion worth of liquidations were reported in just 24 hours, a situation attributed to high volatility. Zhou estimates that the actual total should be much higher, likely between $8-10 billion.

For further updates, traders and analysts can now rely on this enhanced and real-time data to guide their decisions.