Crypto Exchanges Are Hiding the Truth About Liquidations—Here’s How

TL;DR Vetle Lunde claims that liquidation data reported by cryptocurrency exchanges such as Binance, Bybit and OKX is underestimated. Platforms have modified their APIs to limit reporting to one settlement per second, distorting the true magnitude of settlements. Lunde suggests that these changes could be motivated by public relations reasons and to maintain a competitive ... source: https://crypto-economy.com/crypto-exchanges-are-hiding-the-truth-about-liquidations-heres-how/