Bybit CEO: Today's estimated total liquidation amount in the crypto market is 8-10 billion USD

ChainCatcher news, Bybit co-founder and CEO Ben Zhou posted on X: "Today's actual liquidation total is far more than $2 billion; I estimate it should be at least around $8-10 billion. Bybit's 24-hour liquidation amount alone reached $2.1 billion, while Coinglass recorded Bybit's 24-hour liquidation amount at about $333 million, but this is not all the liquidation amount. Our API limits the push volume per second. Based on my observations, other exchanges also have similar practices of limiting liquidation data. In the future, Bybit will start pushing all liquidation data. We believe in transparency."