Oh, lookie here! The crypto market just did a little dance and $10 billion worth of capital did a swan dive into the void, says Bybit’s fearless leader.
In just 24 hours on Feb. 3, over $2.24 billion got a one-way ticket to nowhere, according to CoinGlass stats. 📉💨
But wait, there’s more! Bybit’s co-founder and CEO, Ben Zhou, is like, “Nah, bruh, it’s way more than that.”
“Our 24hr liquidation alone was $2.1 billion,” Zhou probably said while sipping on a martini. 🍸
“I’m thinking the real total is like, $8 billion – $10 billion. Because why not?” he added, probably with a wink. 🕶️
So, what’s the deal? Oh, just a potential global trade war, no biggie. 🌍🔫
Crypto liquidation data discrepancy: Blame the APIs!
Seems like the crypto liquidation figures are all over the place because, you know, APIs are from Mars or something.
Zhou’s like, “Hey, CoinGlass, you reported our liquidations at $333 million. It was actually $2.1 billion. Close enough, right?”
“We have API limitation on how many feeds are pushed out per second. And, surprise, surprise, other exchanges do it too!”
“But don’t worry, we at Bybit are all about that transparency life now,” Zhou probably said while putting on sunglasses. 🕶️✨
Over 730,000 traders got a front-row seat to this crypto apocalypse. 🎟️🌪️
The biggest single liquidation order was on Binance, because of course it was. $25.6 million worth of ETH/BTC fun. 🎢💸
But hey, not all is lost! Some lucky duck made $16 million from the crypto market’s hissy fit. 🦆💰
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2025-02-03 16:42