The volume of crypto liquidations from exchanges could be vastly underreported, a senior researcher from K33Research noted on X.
Vast Underrepresentation Of Crypto Liquidation Data
According to a series of posts on X by Vetle Lunde, a senior researcher at K33 Research, liquidation volume data shared by leading digital assets exchange might be severely underreported.
Lunde stated:
Liquidation data from exchanges are bogus and a vast underrepresentation of actual liquidation volumes in the market.
Referring to crypto exchanges such as Binance, Bybit, and OKX, Lunde said that in 2021, these exchanges changed their liquidation WebSocket API to push only one liquidation per second instead of reporting all liquidations.
The move was initiated to provide a “fair trading environment” and “optimize user data stream”, Lunde notes. As a result, cryptocurrency liquidation data from exchanges has been severely suppressed over the past three years.
Assuming there is merit to
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