Bybit Upgrades API to Provide Real-Time Liquidation Data

Bybit has upgraded its API to make all liquidation data publicly available.

• Liquidation data updates occur every 500 milliseconds, doubling the previous speed of one update per second.
• This upgrade captures liquidation events in real time, enhancing market transparency.
• CEO Ben Zhou emphasized that this move empowers traders and analysts with crucial insights.
• Liquidation data assists in identifying market trends, support and resistance levels, and potential volatility spikes.
• Recently, over $2.2 billion in liquidations occurred within 24 hours due to market volatility.
• Zhou estimated total liquidations during that period could be between $8-10 billion, with $2.1 billion occurring on Bybit alone.