Every time crypto prices swing sharply, traders on social media start posting screenshots of a colorful chart showing where “liquidations” are clustering — and that chart almost always comes from Coinglass. Unlike price trackers such as CoinMarketCap or CoinGecko, Coinglass doesn’t focus on spot prices and market caps. It’s a derivatives data platform that shows what leveraged traders are actually doing behind the scenes — how much borrowed money is in the market, where forced sell-offs are likely to hit, and whether the market is leaning long or short. For anyone trying to understand why crypto moves the way it does during volatile sessions, Coinglass has become close to essential reading.

Key Takeaways

• Coinglass is…