Crypto exchange Bybit said Friday that all liquidation data can now be accessible via its enhanced API.
Bybit has made its liquidation data publicly available through an upgraded API, weeks after CEO Ben Zhou questioned CoinGlass’ Bitcoin liquidation estimates. In a Feb. 21 press release, Bybit said the update gives traders, analysts, and institutions real-time access to detailed market activity, providing updates every 500 milliseconds.
“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 called the move a “proactive approach in response to the crypto community’s demand for openness,” saying it gives traders and analysts access to “complete and real-time market data.”
Bybit says this update fixes gaps in reported liquidation data that were previously limited by API restrictions. CoinGlass has already integrated Bybit’s liquidation data into its system.
Earlier this month, crypto traders took heavy losses as over $2.2 billion in liquidations hit the market. Bitcoin (BTC) dropped to $91,000, while Ethereum (ETH) crashed 20% in a single day. Analysts using CoinGlass’ data said the wipeout was bigger than the COVID crash and the FTX collapse.
But Zhou suggested on X that CoinGlass’ numbers may have been underreported due to API limits set by Bybit. He also hinted that other platforms might have similar restrictions but did not name them.
