Degen

📉 Losses of crypto traders are underestimated: the real scale of losses is much larger

The head of the exchange Bybit, Ben Zhou, said that analytical services significantly underestimate the volume of liquidations in the crypto market. According to his data, the total volume of forcibly closed positions over the past day could reach $8-10 billion, while data aggregators indicate only $2 billion. The main reason for the inaccurate information is API restrictions on cryptocurrency exchanges, which prevent analytics platforms from receiving complete data on liquidations.

Zhou also added that such restrictions can be used by other exchanges as well, leading to underreporting of liquidations. He promised that Bybit will start transmitting all liquidation data in real time to bring more transparency to the market. The market is once again gripped by fear and investors should be cautious