Crypto exchange Bybit has taken a bold step toward greater transparency. The exchange has publicized liquidation data, offering traders deeper insights into market dynamics.
Bybit introduced a new WebSocket topic, “All Liquidations.” This upgraded system now delivers real-time liquidation data every 500 milliseconds, significantly improving over the previous update rate of one message per symbol per second. Bybit’s new system ensures that no liquidation event is missed, providing traders with a more accurate reflection of market conditions.
Bybit’s co-founder and CEO, Ben Zhou, stressed the importance of transparency in the crypto space. He believes that making liquidation data publicly available benefits the entire market. Moreover, with real-time insights, traders and analysts can make more informed decisions, strengthening their strategies.
Most crypto exchanges offer limited liquidation data, which can create uncertainty and mislead investors. Bybit’s new API ensures its liquidation figures are more complete and precise, allowing traders to understand risks better and identify potential opportunities.
Bybit strengthens risk management with real-time liquidation data
The ability to fully view liquidation events improves market clarity. Investors can analyze trends and participant behavior with greater accuracy. Real-time data is also crucial for risk management. Traders can identify volatility spikes and adjust their strategies accordingly.
Institutions now have a clearer view of market activity, enabling them to refine predictive models and make smarter investments. Bybit’s transparency initiative is already impacting the industry.
Crypto analytics platform CoinGlass has integrated Bybit’s liquidation data into its interface. Users can now gain a more detailed understanding of market events, enhancing the reliability of their analysis. However, this move further solidifies Bybit’s position as a leader in transparency.
