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But we saved everything 🙂.
Joao Wedson, a cryptocurrency analyst, spotlighted a crucial aspect of Binance's liquidation process in a recent tweet. He revealed that Binance does not send every liquidation in real time. Instead, the exchange employs a snapshot method, updating the latest event for each symbol every 1,000 milliseconds (1 second).
This disclosure has implications for traders and market observers who rely on accurate and timely data for decision-making. If numerous traders are liquidated within this snapshot interval, some real-time liquidation events might not be visible immediately. This insight could impact traders’ strategies and raise questions about transparency in the cryptocurrency exchange’s operations.
Wedson’s observations on Binance’s snapshot-based liquidation reporting provide further context to ongoing discussions about market transparency and real-time data reliability. These findings complement his prior exploration of potential Bitcoin price movements in BTC may rebound to 117K, as well as his analysis of shifting trader sentiment during periods of rapid market gains such as the COAI stock surge, underscoring the importance of timely information in volatile environments.