Hyperliquid CEO Jeff Yan and data platform CoinGlass warned that the liquidation reporting method used by centralized exchanges, such as Binance, may undercount actual liquidations.
Hyperliquid co-founder and CEO Jeff Yan claimed that the way centralized crypto exchanges, and Binance specifically, report data is likely to underrepresent liquidations.
Bitcoin (BTC) fell to $102,000 on Friday after US President Donald Trump announced sweeping tariffs on China. Similarly, Ether (ETH) fell to $3,500, and Solana (SOL) dropped below $140 in a marketwide sell-off.
CoinGlass data indicated that on Friday, $16.7 billion of long liquidations and $2.456 billion of short liquidations occurred, making it the biggest liquidation event in crypto history.
Comments (No)