Crypto liquidations are ‘lot more’ than reported; Bybit CEO estimates up to $10B wipeout
The latest cryptocurrency market sell-off has resulted in significantly higher liquidations than initially reported, with Bybit CEO Ben Zhou estimating the total wipeout to be between $8 billion and $10 billion. This starkly contrasts with the widely cited $2 billion liquidation, which Zhou suggests is a conservative estimate due to API limitations across multiple exchanges. Real liquidations could be four-fold than reported The downturn, spurred by U.S. President Donald Trump’s latest tariff announcement, triggered widespread fears of a prolonged global trade war, sending financial markets into turmoil and prompting investors to offload risk assets, including cryptocurrencies. Picks for you $65M reportedly stolen from Coinbase users in past two months 26 mins ago ...