what's coinglass?
CoinGlass is a cryptocurrency derivatives data analysis platform specializing in real-time market insights for traders and investors. Its primary purpose is to aggregate and visualize data on liquidations, open interest, funding rates, and options across major exchanges like Binance, Bybit, and OKX. Key features include liquidation heatmaps, historical data charts, and API integrations for developers to access comprehensive cryptocurrency futures information. The platform helps users track long/short ratios, Bitcoin ETF data, and volatility metrics to inform trading strategies. Recently, CoinGlass has publicly addressed data reliability issues, accusing exchanges of API throttling that underreports liquidations during high-volatility events. It emphasizes transparency in the crypto derivatives market, providing tools like liquidation history APIs and real-time news updates.
Coinglass's 30 bull market peak indicators are currently at zero.
Links
x.com/coinglass_comAdded a Color Vision Friendly mode to Liquidation Heatmaps to improve accessibility for users with different color vision conditions.
Published 2025 annual report on crypto derivatives market on December 25, 2025, including data on trading volumes, liquidations, and exchange market shares.
Coinglass maintains 30 Bull Market Peak Indicators tracked across multiple cycles, with zero of these indicators currently triggered.
CoinGlass reports Binance experiences $21.75B in asset outflows over seven days, part of broader significant outflows across centralized exchanges in the past week.
Coinglass officially ranks October 10 event as largest liquidation in crypto history at $19.16 billion, caused by US tariffs on China, nearly double the previous largest events from April 2021 ($9.94B) and May 2021 ($9.01B).
Coinglass reports Binance API throttling reflected only 5% of liquidations, with analysts warning the true size of the largest crypto liquidation reaches up to $400 billion, 20x larger than the $19 billion reported.
Coinglass was hacked during recent crypto market sell-off events, causing data unavailability for users during the liquidation cascade.
Platform directly accuses Binance of underreporting true liquidation scale through API throttling that captures only one liquidation per second, potentially causing significant data gaps during high-volatility periods. Industry analysts confirm liquidation data has been unreliable since mid-2021 due to exchange API restrictions.
Massive $9.58B liquidation event occurs within 24 hours, with $8.02B from long positions, representing extreme market volatility significantly larger than the previous $390M event.
Massive $390M liquidation event occurs in 4 hours, with $357.41M from long positions.
New Legend app launches with live order book chart integration.
New derivatives price index (CGDI) launches to track global crypto derivatives market movements.
New features and public beta version launching next week.