Crypto liquidations - interesting facts

Today's actual liquidation total is likely far higher than the $2 billion shown by the market. In my estimate, the total liquidation is at least around $8-10 billion. Bybit alone has seen $2.1 billion in liquidations over the past 24 hours, but as shown in the screenshot below, Coinglass only records about $333 million in 24-hour liquidations - this is just a fraction of the full data.

In reality, due to our API's limits on data pushed per second, I've observed that other exchanges have also taken similar measures to restrict the full display of liquidation data. Going forward, Bybit will gradually begin pushing all liquidation data, and we firmly believe this step will greatly enhance market transparency.