“Liquidation data from exchanges are bogus and a vast underrepresentation of actual liquidation volumes in the market,” according to K33 Research.
The amount and scale of crypto market liquidations could be much worse than data from major exchanges suggest, according to a researcher.
On Aug. 29, K33 Research senior analyst Vetle Lunde reported that major cryptocurrency exchanges such as Binance, Bybit, and OKX had significantly altered their reporting of liquidation data since 2021.
These alterations meant that exchanges recorded one liquidation per second instead of reporting all liquidations.
