Coinglass estimates say that the collapse yesterday resulted in a liquidation of between 300-400 billion dollars and not just the 19-40 billion dollars that were announced😱 as the API of the Binance platform recorded only 5% of the actual liquidations during the collapse. Every heat map of liquidations, leverage ratios, and risk metrics from Binance is distorted by 10-20 times. The readings rely on fictional data from Binance, which controls 90% of the open interest futures.