Recep Gülcemal 
Accessing accurate and up-to-date data is an important issue for every investor trading in the cryptocurrency markets. Accurate and up-to-date data is the key to successful trading. One of the best tools we need to use at this time is ” CoinGlass” appears. CoinGlass serves as a platform that offers comprehensive analysis tools and real-time data. So what are these services and the main features of CoiNGlass?
What is CoinGlass?
CoinGlass is an analysis platform that allows you to instantly track all transaction data, liquidity status of cryptos, current open positions and liquidation levels for these positions on current and current cryptocurrency exchanges in the market. CoinGlass helps predict market movements by providing critical information, especially for users who trade derivatives (futures and options). You can get essential information by examining the detailed charts available on the platform. With the data on the charts, you can see the current liquidation levels of short and long positions, stop-loss levels and open trades based on these levels.
Main Features of CoinGlass
- Liquidation Data:
Shows the liquidation levels of existing positions in the crypto markets, either up or down. It analyzes at which price levels there are heavy stop-loss orders and provides users with status information. When using this feature, you can see the long and short percentages. You can also see the current long and short levels and liquidation levels based on these levels, as well as the density and amounts of open positions on the chart maps. This way, you can open a safer trade by considering all the details when opening a trade.
- Open Positions and Trading Volumes:
Shows the current distribution of long and short positions in futures markets. We can track the current positions and movements of large investors, the so-called whales.
- Multi-Exchange Integration:
With this feature, it provides instant data from global exchanges such as Binance, Bybit, OKX, etc., and with the comparison feature, you can see the current positions on the exchanges in percentage or quantity. For example, you can see the levels at which long and short trades are opened for a coin you want on Binance, the intensity of the opened trade on long or short, and you can also see this information on the OKX exchange. Therefore, you can see the differences or intensity of transactions opened between exchanges.
- Free and User Friendly Interface:
CoinGlass is available for free. It has a simple and easy-to-use interface that every trader can understand and analyze. In this way, it provides information that even a beginner level trader can understand.
Advantages of Using CoinGlass
Thanks to the instant data flow, it allows you to make quick decisions by following market movements in real time. In this way, you can follow a new trading volume and follow your positions accordingly. By looking at the liquidation maps data, you can shape your existing positions or new positions you will open by evaluating the situation. You can also manage your positions more securely by seeing large liquidation zones.
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*DOES NOT CONTAIN INVESTMENT ADVICE*