Crypto Liquidation Data FAKED: Here’s How Traders Are Being Misled

Quick Summary:

The market cap, which had been hovering near $2.11 trillion, plummeted by nearly 3%, sending shockwaves through the crypto community.

Now, they report only a portion of these events, resulting in data showing just one liquidation per second instead of the true frequency.

To provide a “fair trading environment” (Bybit, Sep 2021) and to “optimize user data stream” (Binance, Apr 2021), Binance and Bybit changed their… pic.twitter.

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Article Details

Author / Journalist: Elena R

Category: Crypto

Markets: United States

Topics: Price Analysis Altcoins Bitcoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-02 @ 08:32:28 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 535 words

Reading Time: 3 minutes read

Sentences: 40 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 22330453

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Main Topics: Crypto

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Headquarters: United States

News Last Updated: 8 hours ago

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