Major Cryptocurrency Exchange Bybit said all its liquidation data is now publicly available through an upgrade to its application programming interface (API).

With the upgrade, the API liquidation data updates provide every 500 milliseconds, twice as fast as the previous version, which only delivered one update per Second per Trading pair, it says.

The change ensures that any liquidation event is trapped in real time, eliminating blind spots that previously hid the true scope of market activity

“The real spirit of crypto is transparency. By making all liquidation data fully public, we authorize traders and analysts with the insight they need, ”said CEO and co -founder Ben Zhou in a statement.

Liquidation data helps dealers identify market trends, support and resistance levels and potential volatility tips. Examination of the data will provide dealers, analysts and institutional investors real -time insight into market activity.

Earlier this month, considerable volatility led to more than $ 2.2 billion in liquidations in just 24 hours. At the time, Zhou said the “real total liquidation is much more than $ 2b, in my estimate it should be at least $ 8-10b.”

He revealed that liquidations on Bybit alone hit $ 2.1 billion in the previous 24 hours. API restrictions, he said, was to blame for the lack of proper data on these events.