Bybit opens liquidation data for traders and analysts via API

Crypto Exchange Bybit said on Friday that all liquidation data can now be accessible via its improved API.

Go through has rendered its liquidation data publicly accessible to an improved API, weeks after CEO Ben Zhou interviewed the Bitcoin liquidation estimates of Coinglass. In a February 21 press releaseBybit said that the update gives merchants, analysts and institutions real -time access to a detailed market activity, providing updates every 500 milliseconds.

“This guarantees that each liquidation event is captured and disclosed without delay, establishing a new standard for opening and reliability on the digital asset market.”

Go through

Zhou described The Move as a “proactive approach in response to the demand for opening the cryptographic community”, saying that it gives traders and analysts access to “full and real -time market data”.

Bybit indicates that this update corrects gaps in the reported liquidation data which were previously limited by API restrictions. Corceglass has already integrated bybit’s liquidation data into its system.

Earlier this month, cryptographic traders suffered heavy losses because more than $ 2.2 billion in liquidations hit the market. Bitcoin (BTC) fell to $ 91,000, while Ethereum (Ethn) crashed 20% in a single day. Analysts using quince data indicated that the Wipeout was larger than the cocvid crash and the Ftx collapse.

But zhou suggested On X that quince numbers may have been under-declared due to the API limits set by Bybit. He also suggested that other platforms could have similar restrictions but did not name them.