Bybit CEO Reveals Shocking $8 Billion Crypto Liquidations, Not $2 Billion

Bybit CEO Reveals Shocking $8 Billion Crypto Liquidations, Not $2 Billion

Key Points:

  • Ben Zhou, CEO of Bybit, estimates the real total crypto liquidation amount is between $8 billion and $10 billion, far higher than the reported $2 billion.
  • The 24-hour liquidation figure on Bybit recorded $333 million, but Zhou emphasizes this is just a small part of the total market liquidation.

In a recent statement, Ben Zhou, the CEO of Bybit, highlighted a concerning trend in the cryptocurrency market—crypto liquidation exceeding $2 billion.

Ben Zhou Estimates Real Crypto Liquidations Much Higher Than $2 Billion

Bybit’s CEO argued that this reported figure is just the tip of the iceberg, estimating the real total crypto liquidation amount to be between $8 billion and $10 billion. According to Coinglass, Bybit’s 24-hour crypto liquidation figure is approximately $333 million, but Zhou stressed that this number does not reflect the full scope of the situation. “What we see is just a small portion of the total market liquidation,” he explained, suggesting that the actual crypto liquidation amount could be significantly higher, indicating broader volatility and stress in the market.

The rise in liquidation amounts follows a period of intense price fluctuations in significant cryptocurrencies such as Bitcoin and Ethereum, which have led to large-scale sell-offs. As prices dip and margin calls mount, traders caught in long positions are forced to liquidate, contributing to the cascading effect of liquidations across exchanges.

Read more: Crypto Liquidation Tops $2.16B as Trump Tariffs Shake Markets

Growing Crypto Volatility Triggers Massive Liquidation Events

Zhou’s remarks shed light on the volatility of the crypto liquidation landscape, which has seen increasing participation from retail and institutional investors alike. With a liquidation cascade in full swing, many traders feel the pressure of rapid price swings, making it even more crucial for platforms like Bybit to maintain strong risk management practices.

Ben Zhou urges traders to remain cautious, as crypto liquidation levels can quickly escalate. The $8 billion to $10 billion estimate suggests that the market still faces significant risks, and traders should be prepared for continued volatility.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Rate this post