Crypto Liquidation Data Rigged By Exchanges? Researcher Unveils The Truth

Quick Summary:

Lunde explains that this modification in the data stream profoundly impacts the market’s transparency, leading to a scenario where liquidation data, a critical metric used to assess market health and trader behavior, is “wildly underreported.” According to Lunde, this has been the case for the past three years, which has implications not only for traders but also for the broader financial analysis of the crypto market.

Related Reading: Crypto Crash: $320 Million Wiped Out As Bitcoin And Ethereum Nosedive Further complicating matters, Lunde hints at the possibility that exchanges might be withholding liquidation data to maintain a competitive edge.

Related Reading: Bitcoin Must Do This Now’, Says Crypto Analyst Historically, liquidation data has served as a barometer for the market’s leverage levels and has been instrumental in understanding how traders react to sudden price movements and volatility.

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets: United KingdomAustria

Topics: Binance Crypto Liquidation Data Cryptocurrency Crypto news K33 Research Bitcoin Bybit Cryptocurrency Market News Crypto Altcoins Btc

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-30 @ 09:30:14 (2 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 586 words

Reading Time: 4 minutes read

Sentences: 68 lines

Sentence Length: 9 words per sentence (average)

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

Copyright Owner: © NewsBTC

News ID: 22307701

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