GuShiio.com CoinGlass said the Bybit API now has a new WebSocket theme for all clearing. Unlike previous clearing themes, this topic reports all applicable clearing, allowing a more accurate understanding of the clearing amount and a step towards industry data transparency. CoinGlass also recommended that Binance disclose all clearing data as soon as possible.
On February 3, Bybit CEO BEN stated that Bybit’s liquidation amount reached US$2.1 billion in 24 hours. Bybit recorded a 24-hour liquidation of approximately $333 million on Coinglass. Because there are API limits on how much information is pushed per second, other exchanges have adopted the same approach to limit clearing data.
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