Bybit API upgrade offers traders and analysts public access to liquidation data
All Liquidations provides real-time, granular insights into market dynamics
Bybit has taken an industry-first step by making all liquidation data publicly available through an upgraded API.
This move positions Bybit as a transparency leader, offering institutional investors, analysts, and traders an essential tool for navigating the fast-evolving crypto landscape.
Context and market impact
According to Bybit, this new feature—delivered via a dedicated WebSocket topic called "All Liquidations"—provides real-time, granular insights into market dynamics. Unlike the previous version, which limited data to one message per symbol per second, the enhanced stream now delivers updates every 500 milliseconds.
The upgrade comes in the wake of significant market turbulence. Earlier this month, traders faced heavy losses as over $2.2 billion in liquidations swept through the market—an event that saw Bitcoin drop to $91,000 and Ethereum crash by 20% in a single day.
Exchange liquidations. Sourсe: CoinGlass
Analysts utilizing CoinGlass data described the wipeout as even more severe than the COVID crash and the FTX collapse. In response to these events, Bybit’s CEO, Ben Zhou, questioned the accuracy of CoinGlass’ Bitcoin liquidation estimates, suggesting that API limitations on Bybit might have led to underreported figures. Zhou also hinted that similar restrictions might exist on other platforms, though he did not specify which ones.
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Implications and outlook
Bybit’s decision to remove these barriers and offer full public access to liquidation data underscores its commitment to market transparency and accountability. This initiative not only enhances traders’ ability to make informed decisions but also sets a new benchmark for data accessibility in the crypto sector.
As market participants increasingly rely on precise, real-time information, the upgraded API could drive more sophisticated analysis and trading strategies across the industry.
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